Verizon!–Yahoo! takeover! inches! ahead! Verizon has decided its Yahoo! strategy is important enough to occupy the attention of the CEO of its AOL business unit. Accordingly, Tim Armstrong has been set the task of ringing Marissa Mayer's doorbell, chocolates, flowers and a huge bag of money in hand. Verizon had already (somewhat inexplicably) identified Yahoo! as a …
...while looking at the corporate history. So many triumphs along the way, like buying Bebo for $850M and selling it for "scrap" 27 months later (when the best thing you can say of a deal is that the loss made reduced the tax bill then it's a three-ring disaster). And now a whole new round of synergies to be win-winned against the wall...
Maybe Ted Turner, time traveller, can still save the day?
Where does that leave Yahoo's international sites and mail given that Verizon isn't very international at all.
Don't think that is entirely true. Verizon has quite widespread international presence (although only corporate, and not consumer level). After all, it did buy WorldCom, which bought MCI, which bought UUNET, which .. ah you get the idea.
Putrid Palace has many problems some preexisting Melissa by many, many years. What the PHBs at Verizon see in Putrid is at best puzzling at worst - beyond bizarre. The only idea that makes minimal sense is Putrid has a couple parts Verizon is willing to be fleeced for to get. After which they quietly shutter the rest.
With Tim Armstrong in charge, the firings would be rapid, at least :-(
The deal might allow the "reverse spin" to work too.
http://fortune.com/2016/02/08/verizon-yahoo-alibaba-taxes/?xid=yahoo_fortune
All rather sad. But Marissa has had her three years, and time's up. For a London employee like myself, lets hope there's money for redundancies.....although despite the noises, I think complete divestment by the US unit would take years.
Could this be a way of getting a foothold in the Indian market?!
.
Verizon - Ma Bell child - National land-line + cellular
AOL - old ISP - can they press/copy enough CDs'/floppies for the entire population of
India (atleast 10x over)
Yahoo - old search - can/could they be an unbiased search (can't be any worse than
Zuck/Farce)
.
Only if you aren't a Verizon subscriber in the US. Not sure about elsewhere, but in my corner of the world your Verizon email comes form Yahoo!. Verizon doesn't provide it on their own. So at the very least Verizon needs their email service.
Yeah, Yeah. You and I know it would probably be cheaper to just build a new one out from the ground up (not to mention the improvements in service you'd get), but that isn't in the DNA for one of these big corporations.
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