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Not in this case. Yahoo was part of Verizon until it was purchased by a private equity firm (Apollo Global) in a transaction that closed in September 2021. That
by pridkett 4y ago
Not in this case. Yahoo was part of Verizon until it was purchased by a private equity firm (Apollo Global) in a transaction that closed in September 2021. That was the point that Jim Lanzone was brought in as CEO.
Laying people off and selling parts of the business (i.e. Edgecast to Limelight) is pretty textbook for private equity.
They’ve been cutting since the deal closed, unfortunately.