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Rejoice, Verizon's content acquisitions have turned into complete and utter disasters and Verizon announced that it will exit the content business (A Reuters ar
by mtgx 8y ago
Rejoice, Verizon's content acquisitions have turned into complete and utter disasters and Verizon announced that it will exit the content business (A Reuters article I can't seem to find now said so):
https://www.nbcnews.com/tech/tech-news/verizon-signals-its-yahoo-aol-divisions-are-almost-worthless-n946846 https://www.nbcnews.com/tech/tech-news/verizon-signals-its-y...
The funny thing is Marissa Mayer made more from the deal than Yahoo is now worth for Verizon:
https://money.cnn.com/2017/06/13/investing/yahoo-marissa-mayer-severance-stock-verizon/index.html https://money.cnn.com/2017/06/13/investing/yahoo-marissa-may...
And she got a severance paycheck that's also worth 10% of Verizon's content business now.
- snovv_crash 8y agoThe money she made was due to the Alibaba investment, not the content business.