4 ms·

Yahoo Stockholders Approve Sale of Yahoo’s Operating Business to Verizon

59 points by surement 9y ago

georgeecollins 9y ago
The disclaimer is twice as long as the news announcement.
chollida1 9y ago
.....And now the layoffs start > SVP of Mobile and Emerging Products Adam Cahan, is on the way out > CISO (information and security officer) Bob Lord is out https://techcrunch.com/2017/06/08/confirmed-verizon-will-cut-15-of-aol-yahoo-staff-after-merger-closes/ https://techcrunch.com/2017/06/08/confirmed-verizon-will-cut... Up to 2100 people about to be let go, 1000 from the old Yahoo, though most will be in groups that are no longer needed like HR, finance and general administration I found this to be interesting..... > The digital media operation will be known as Oath, but the Yahoo and AOL brands won't go away. So they are re branding the combined companies into a brand called Oath, but still keeping hte AOL and yahoo names? I'm confused.
- laoba 9y ago
  It's like the Alphabet and Google relationship, where Oath is Alphabet and AOL & Yahoo are Google
- deleted 9y ago
  [deleted]
cantbecool 9y ago
This is sad. For companies like Yahoo and AOL, I wish I could just take their messenger properties, AIM and Messenger and make an advanced messaging application with the latest encryption technologies, self hosted/federated, and open source. I know there isn't money in that market, but I would just love to simply resurrect those applications.
smaili 9y ago
And the real winner... In unrelated news, Yahoo also voted today to approve the final compensation for its executive team. Marissa Mayer, Yahoo’s outgoing CEO, stands to make $186 million from the sale. During her five-year tenure as CEO, she made a number of dubious moves, like a $1.1-billion acquisition of Tumblr and paying a teenager $30 million for an app with no underlying technology or code.[1] [1] https://www.yahoo.com/tech/verizon-finalizes-yahoo-acquisition-instantly-starts-laying-people-183434808.html https://www.yahoo.com/tech/verizon-finalizes-yahoo-acquisiti...
- austincheney 9y ago
  I am curious to know of the product the teenager sold.
  - mcbits 9y ago
    A news summarizer called Summly. https://finance.yahoo.com/news/yahoo-acquires-summly-app-150829007.html https://finance.yahoo.com/news/yahoo-acquires-summly-app-150...
  - deleted 9y ago
    [deleted]
  - charlesdm 9y ago
    She paid 30 mill for good PR.
  - ben_jones 9y ago
    They wanted a piece of SRI international, the company that licensed Siri. "Though Summly's own Web site once said: "SRI International, with the help of the Summly team, built the summarization technology behind Summly," we are told that D'Aloisio "invented" the product's original technology." "And indeed, inside Yahoo, Summly is called "Yahoo's Siri." "Further, D'Aloisio deserves credit for outsourcing technology development and app development to the right firms, and coalescing their work into a product that made him millions." He's either really smart to set up the right branding and licensing deals, really lucky to have made the perfect business relationship for a future acquisition, or was set up by someone in the know for a fat payday. My guess is all three. Lucky kid. [1]: http://www.businessinsider.com/why-marissa-mayer-bought-a-30m-startup-2013-4 http://www.businessinsider.com/why-marissa-mayer-bought-a-30...

59 points by surement 9y ago

The disclaimer is twice as long as the news announcement.

.....And now the layoffs start > SVP of Mobile and Emerging Products Adam Cahan, is on the way out > CISO (information and security officer) Bob Lord is out https://techcrunch.com/2017/06/08/confirmed-verizon-will-cut-15-of-aol-yahoo-staff-after-merger-closes/ https://techcrunch.com/2017/06/08/confirmed-verizon-will-cut... Up to 2100 people about to be let go, 1000 from the old Yahoo, though most will be in groups that are no longer needed like HR, finance and general administration I found this to be interesting..... > The digital media operation will be known as Oath, but the Yahoo and AOL brands won't go away. So they are re branding the combined companies into a brand called Oath, but still keeping hte AOL and yahoo names? I'm confused.

laoba 9y ago
It's like the Alphabet and Google relationship, where Oath is Alphabet and AOL & Yahoo are Google
deleted 9y ago
[deleted]

cantbecool 9y ago

This is sad. For companies like Yahoo and AOL, I wish I could just take their messenger properties, AIM and Messenger and make an advanced messaging application with the latest encryption technologies, self hosted/federated, and open source. I know there isn't money in that market, but I would just love to simply resurrect those applications.

smaili 9y ago

And the real winner... In unrelated news, Yahoo also voted today to approve the final compensation for its executive team. Marissa Mayer, Yahoo’s outgoing CEO, stands to make $186 million from the sale. During her five-year tenure as CEO, she made a number of dubious moves, like a $1.1-billion acquisition of Tumblr and paying a teenager $30 million for an app with no underlying technology or code.[1] [1] https://www.yahoo.com/tech/verizon-finalizes-yahoo-acquisition-instantly-starts-laying-people-183434808.html https://www.yahoo.com/tech/verizon-finalizes-yahoo-acquisiti...

austincheney 9y ago
I am curious to know of the product the teenager sold.
- mcbits 9y ago
  A news summarizer called Summly. https://finance.yahoo.com/news/yahoo-acquires-summly-app-150829007.html https://finance.yahoo.com/news/yahoo-acquires-summly-app-150...
- deleted 9y ago
  [deleted]
- charlesdm 9y ago
  She paid 30 mill for good PR.
- ben_jones 9y ago
  They wanted a piece of SRI international, the company that licensed Siri. "Though Summly's own Web site once said: "SRI International, with the help of the Summly team, built the summarization technology behind Summly," we are told that D'Aloisio "invented" the product's original technology." "And indeed, inside Yahoo, Summly is called "Yahoo's Siri." "Further, D'Aloisio deserves credit for outsourcing technology development and app development to the right firms, and coalescing their work into a product that made him millions." He's either really smart to set up the right branding and licensing deals, really lucky to have made the perfect business relationship for a future acquisition, or was set up by someone in the know for a fat payday. My guess is all three. Lucky kid. [1]: http://www.businessinsider.com/why-marissa-mayer-bought-a-30m-startup-2013-4 http://www.businessinsider.com/why-marissa-mayer-bought-a-30...