Friday, 20 October, 2017

Verizon-Yahoo deal, a grab for digital-ad cash, approved

Apple CEO Tim Cook delivers the opening keynote address at the Worldwide Developers Conference Apple CEO Tim Cook delivers the opening keynote address at the Worldwide Developers Conference
Mae Harvey | 09 June, 2017, 09:33

The deal is expected to close by June 13. The combined monstrosity will be called "Oath," presumably because Verizon has realized that neither AOL nor Yahoo are particularly well-regarded brands these days.

Last July, Verizon announced they had reached an agreement to acquire Yahoo for $4.83 billion.

Verizon's plans of diversifying its business model from communications, technology, wireless industry, Internet of Things (IoT) into digital media, advertising and content creation, distribution and deployment of high-speed fiber network, have been grabbing the attention of investors.

We understand there are around 14,000 employees in total across AOL and Yahoo today.

FDA asks drugmaker to stop selling its opioid painkiller
It reformulated that drug in 2012 and claimed the changes made it harder to manipulate physically or chemically to abuse it. Opana ER last year generated sales of $158 million for the company, although that was down 10% from the year before.

'Wonder Woman' stirs social media as most tweeted-about film of 2017
This glass ceiling-shattering milestone - while long overdue - could not have come at a better time . I was like 'I need her to see some brutality.' So, we added her seeing the horses being whipped.

London Bridge victim's body recovered from River Thames
The 45-year-old was walking south on the bridge with his girlfriend Christine Delcros when a van ploughed into pedestrians. Another Australian who died, nurse Kirsty Boden, was said to have been trying to help other victims when she was killed.

Yahoo announced in September that hackers in 2014 stole personal data from more than 500 million of its user accounts. "Yahoo is still one of the most-trafficked sites around the world". The sale values Yahoo at about $4.5 billion, a price that was reduced by hundreds of millions in February, after details of a major Yahoo security breach leaked.

A person with knowledge of the Verizon merger told TheWrap that layoffs are indeed coming to the two companies, but declined to specify the exact amount.

"The first layer of layoffs will be where there is redundancy - there will be a thinning of jobs based on job functions where there are already existing people doing the same job", Bajarin said. As for former Yahoo CEO Marissa Mayer, it has previously been reported that she will not be part of Oath's leadership team though she will receive a generous compensation package. Sources familiar with the companies confirmed the 15% figure, adding that it has been expected for more than a year and that such staff restructurings are common in deals of this size.

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