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On February 21, 2017, Verizon agreed to lower its purchase price for Yahoo! by $350 million, and share liabilities regarding the investigation into the data breaches. [71] On June 8, 2017, Yahoo shareholders approved the company's sale of some of its Internet assets to Verizon for $4.48 billion. The deal officially closed on June 13, 2017.
January 3, 2000: Yahoo stocks close at an all-time high of $475.00 (pre-split price) a share. This price propelled them to the most valuable company in the world at the time. The day before, it hit an intra-day high of $500.13 (pre-split price). [5]
Yahoo! Inc. is an American multinational technology company that focuses on media and online business. It is the second and current incarnation of the company, after Verizon Communications acquired the core assets of its predecessor and merged them with AOL in 2017. [6][7] The resulting subsidiary entity was briefly called Oath Inc. [4][8][9 ...
In February 2017, Verizon and Yahoo announced that the deal will still go forward, but dropping the sale price by $350 million, down to $4.48 billion. [35] The deal officially closed at this price in June 2017, with Mayer stepping down as CEO following the closure. [36]
The company's stock price rose rapidly during the dot-com bubble and closed at an all-time high of US$118.75 in 2000. [7] However, after the dot-com bubble burst, it reached an all-time low of $8.11 in 2001. [8] Yahoo! formally rejected an acquisition bid from the Microsoft Corporation in 2008. [9]
In 1998, Yahoo replaced AltaVista as the crawler-based search engine underlying the Directory with Inktomi. [29] Yahoo's two biggest acquisitions were made in 1999: Geocities for $3.6 billion [30] and Broadcast.com for $5.7 billion. [31] Its stock price skyrocketed during the dot-com bubble, closing at an all-time high of $118.75/share on ...
Marissa Ann Mayer (/ ˈ m aɪ. ər /; born May 30, 1975) [4] is an American business executive and investor who served as president and chief executive officer of Yahoo! from 2012 to 2017. She was a long-time executive, usability leader and key spokesperson for Google (employee No. 20).
As of July 2015, the first incarnation of Yahoo had acquired 114 companies, with Polyvore being the latest. In 2017, the first incarnation Yahoo! Inc. was purchased by Verizon Communications and merged with AOL. In May 2021, Verizon sold a majority stake in the combined company, then called Verizon Media, to Apollo Global Management, who ...