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  • Verizon to acquire Yahoo for $4.48 billion transaction

    Verizon Communications Inc., the largest US mobile operator, announced on Tuesday that has reached an agreement to take over the core operations of the Internet giant – Yahoo! for $4.48 billion, by 350 million dollars less than the initial offer, informs Reuters.

    Verizon Yahoo Transaction
    Verizon buys Yahoo for 4.48 billion dollars
    The deal will combine Yahoo!’s search engine, email and messaging services with Verizon’s AOL division operations. The completion of the transaction, which was first announced in July 2016, is scheduled for the second quarter of this year.

    Verizon has been trying for months to convince Yahoo to amend the terms of the initial agreement by taking into account the damage caused by two major attacks on the Internet giant. In the end, both companies made the compromise of sharing the financial burden of any legal action in connection with the cyber attacks.
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    Yahoo revealed last September that personal information linked to at least 500 million accounts were stolen after a virus attack. Yahoo has warned that stolen information may include names, email addresses, phone numbers, date of birth and passwords for the half a billion accounts.

    Yahoo! was founded in 1994 and is currently one of the largest multinational technology companies with approximately 11,000 employees worldwide. Marissa Mayer, who was appointed Yahoo’s CEO nearly 5 years ago to boost company’s business, had announced in February 2016 that she intends to analyze several “strategic alternatives” for the core Internet operations.

  • Yahoo CEO Marissa Mayer fears jail threats if defying NSA

    Yahoo’s general manager Marissa Mayer, said Wednesday, she may be placed behind bars for high treason if she refuses to comply with requirements from the U.S. intelligence concerning information about the users of Yahoo, writes AFP.

    Marissa Meyer
    Yahoo boss Marissa Meyer is disposed to collaborate with authorities if company receives requests on users details. (Credit: gadgetronica.com)
    Marissa Meyer made ​​the comments during the technology conference TechCrunch Disrupt, held in San Francisco, after being asked about her intentions to protect Yahoo users against the “tyrannical government” in Washington.

    She revealed that Yahoo carefully examines and denies requests for users data coming from the U.S. government, but if the corporation loses these battles, she has to positively respond to requests otherwise she risks to being considered a traitor.

    Information requests authorized by justice are imposed on corporations which are forbidden to talk about them or reveal their existence.

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    “We can not talk about them because they are ranked as classified information,” she added. “Anyone disclosing this type of information is charged with treason and jailed. Regarding the protection of our users, it is more logical to work within the system,” continued the president and CEO of Yahoo.

    Technological groups in the United States are under pressure after revelations about the U.S. surveillance program PRISM which was developed and used by the National Security Agency (NSA ) to collect thousands of numerical data related to the Internet users.

    Internet Corporations give assurances not to divulge information unless forced by courts decision, denying any deal with the U.S. authorities . The latter insists that the internet surveillance, which is legal and allowed, thwarted dozens of attacks.

  • YAHOO to buy social networking site Tumblr

    Yahoo! Inc. is under negotiations for acquiring Tumblr Inc. for $1.1 billion in a bid to attract more users and advertising contracts. Tumblr is a social service that hosts 108 million blogs.

    Yahoo
    Yahoo may acquire Tumblr for 1.1 billion dollars
    Yahoo’s Executive Committee approved the takeover, but Tumblr decision is still unknown.

    Founded in 2007 by businessman David Karp, Tumblr contacted several major companies in the technology sector demanding a takeover or a partnership, sources close to the matter told Bloomberg.
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    Tumblr has seen in the last month over 13 billion views of its web page and has recently begun to offer advertisers the opportunity to better position their ads. The company is expects to reach a profit level this year.

    Yahoo and Tumblr representatives have not answered to calls from Bloomberg.