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Alex Sherman / CNBC:
Source: AOL has ~1.5M users paying $10 to $15/month for tech support and ID monitoring service AOL Advantage; dial-up users now number in the “low thousands”   —  - Apollo Global Management is paying $5 billion for Verizon Media Group, which houses Yahoo and AOL.
May 3, 2021, 4:10 PMIn context
Steve Kovach / CNBC:
Verizon says it will sell Yahoo and AOL to PE firm Apollo Global Management for $5B, keeping a 10% stake in the company, which will be rebranded as just “Yahoo”   —  - Verizon will sell its media group, which includes brands from AOL and Yahoo, to private equity firm Apollo Global Management.
May 3, 2021, 8:06 AMIn context
Bloomberg:
Sources: Verizon is nearing a deal to sell its media division, including AOL and Yahoo!, to Apollo; deal could be worth ~$5B and be announced as soon as Monday   —  - Deal for Verizon Media could be announced as soon as Monday  — Division includes online brands Yahoo!, AOL and TechCrunch
May 2, 2021, 5:50 PMIn context
Nick Statt / The Verge:
Yahoo Answers, one of the internet's most storied Q&A sites, will be shut down on May 4 and the company says a comprehensive archive will not be provided   —  The end of a long and storied internet era (of bad questions and even worse answers)  —  Yahoo Answers, one of the longest-running …
Apr 5, 2021, 3:45 PMIn context
Sara Fischer / Axios:
Verizon Media Group to rebrand most of its media franchises as Yahoo products and sell subscriptions to those products via Yahoo+, a new subscription platform   —  Verizon Media Group, the media division within Verizon, has 3 million people that pay for subscriptions across its portfolio …
Mar 23, 2021, 8:20 PMIn context
Kashmir Hill / New York Times:
A look at the origins of Clearview AI, which far-right activist Charles Johnson says he co-founded, as it is besieged by lawsuits and investigations   —  In May 2019, an agent at the Department of Homeland Security received a trove of unsettling images.  Found by Yahoo in a Syrian user's account …
Mar 18, 2021, 12:40 PMIn context
Financial Times:
SoftBank-owned Z Holdings, the new parent company of Line and Yahoo Japan after merger closed on March 1, details plan to invest $4.7B to compete with GAFA   —  SoftBank Group affiliate Z Holdings on Monday announced plans to invest ¥500bn ($4.7bn) and hire 5,000 AI engineers over five years …
Mar 8, 2021, 7:00 PMIn context
Lara O'Reilly / Business Insider:
Verizon Media says it is planning personalized features for Yahoo Mail, and around 500K users watched NFL streams in the Yahoo Mail app in tests in Q4 2020   —  - Verizon Media CEO Guru Gowrappan tells Insider the unit is preparing a “mega” product launch in the coming weeks.
Jan 30, 2021, 11:20 AMIn context
Alex Stamos / Washington Post:
Congress and the Biden administration should create a cybersecurity equivalent of NTSB, elevate CISA and other defensive efforts to the level of NSA, and more   —  Alex Stamos is the director of the Stanford Internet Observatory and the former chief information security officer of Yahoo and Facebook.
Dec 16, 2020, 8:10 AMIn context
Oscar Williams-Grut / Yahoo Finance:
Filing: Revolut lost £106.5M in 2019, up from £32.8M in 2018, while revenue grew 180% YoY to £162.7M and the number of customers grew from 3.5M to 10M   —  Senior City Correspondent, Yahoo Finance UK … Hotly tipped banking startup Revolut lost £100m ($131m) …
Aug 16, 2020, 4:20 PMIn context

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