Yahoo to be renamed Altaba, CEO to step down

Photo-sharing website Flickr and the slowly growing microblogging and social networking website Tumblr are two Yahoo assets that show some promise for growth.

Indo-Asian News Service
New York/New Delhi, Publish Date: Jan 10 2017 12:11PM | Updated Date: Jan 10 2017 12:11PM
Yahoo to be renamed Altaba, CEO to step downFile Photo
Yahoo, which was acquired by US wireless communications service provider Verizon for a mere $4.8 billion in July last year, will soon be called Altaba, media reported on Tuesday, adding that Yahoo CEO Marissa Mayer will step down from the board of directors.
 
"Six Yahoo directors will be leaving after the Verizon sale, including Mayer," The Wall Street Journal reported.
 
The Yahoo acquisition will lead Verizon to firm up its operations in the digital ad space.
 
According to experts, the viable option for Verizon is now to marry online Yahoo assets with AOL, which it acquired for $4.4 billion. AOL has properties like The Huffington Post and technology websites Techcrunch and Engadget -- and now Yahoo Finance -- which together can become a strong digital advertising platform for Verizon.
 
"Verizon will surely monetise both Yahoo and AOL operations to get the best out of this deal," Vishal Tripathi, Research Director at global market consultancy firm Gartner, told IANS.
 
Photo-sharing website Flickr and the slowly growing microblogging and social networking website Tumblr are two Yahoo assets that show some promise for growth.
 
"Verizon has now got Tumblr, Flickr, Yahoo Sports and Yahoo News. With the consolidation, the deal may prove to be a sweet one for Verizon," Tripathi said.
 
The deal means an end to the struggle to survive for Yahoo which was once valued at over $125 billion at its peak in January 2000 when the dot com bubble was nearing its end. 
 
Following the sale, the company will be left with about $41 billion it invested in the Chinese e-commerce company Alibaba as well as Yahoo Japan.
 
Verizon makes most of its money from mobile phone connections while Yahoo generated more than twice as much revenue from search and display ads on desktop computers than it did from its so-called MAVENs businesses (Mobile, Video, Native and Social). 

Latest News

  1. Two arrested over killing of policeman in Wadwan militant attack: Police
  2. Two arrested over killing of policeman in Wadwan militant attack: Police
  1. BSF, Pakistan Rangers hold flag meeting on IB
  2. BSF, Pakistan Rangers hold flag meeting on IB
  1. Two sisters jump into stream in Handwara, one dies
  2. Two sisters jump into stream in Handwara, one dies
  1. Er Rasheed calls for PDP, NC to join hands in Jammu and Kashmir
  2. Er Rasheed calls for PDP, NC to join hands in Jammu and Kashmir
  1. Manasbal blast case solved, three arrested: Police
  2. Manasbal blast case solved, three arrested: Police
  1. Patwar Association Jammu and Kashmir calls off strike
  2. Patwar Association Jammu and Kashmir calls off strike
  1. Jammu and Kashmir Governor calls all-party meeting tomorrow
  2. Jammu and Kashmir Governor calls all-party meeting tomorrow
  1. Priyanka Chopra: We cannot let refugee children become a lost generation
  2. Priyanka Chopra: We cannot let refugee children become a lost generation
  1. Governor attends 4th International Yoga Day celebrations in Srinagar
  2. Governor attends 4th International Yoga Day celebrations in Srinagar
  1. Omar alleges break up of PDP-BJP alliance a 'fixed match'
  2. Omar alleges break up of PDP-BJP alliance a 'fixed match'
  1. Police seek help to trace missing Srinagar girl
  2. Police seek help to trace missing Srinagar girl
  1. Tourism dept organizes 200 mtr freestyle swimming competition at Nigeen
  2. Tourism dept organizes 200 mtr freestyle swimming competition at Nigeen
  1. BJP a 'militant organization': Mamata Banerjee
  2. BJP a 'militant organization': Mamata Banerjee
  1. Two JK govt officials booked on corruption charges
  2. Two JK govt officials booked on corruption charges
  1. Advocate general Jahangir Iqbal Ganie resigns
  2. Advocate general Jahangir Iqbal Ganie resigns
  1. Passport official transferred for allegedly humiliating Hindu-Muslim couple
  2. Passport official transferred for allegedly humiliating Hindu-Muslim couple
  1. Jammu and Kashmir state BJP chief claims getting threats from Pakistan
  2. Jammu and Kashmir state BJP chief claims getting threats from Pakistan
  1. Missing Tral student joins militancy; gun-wielding picture surfaces on social media
  2. Missing Tral student joins militancy; gun-wielding picture surfaces on social media
  1. History will never forgive BJP for its greed in Kashmir: Sena
  2. History will never forgive BJP for its greed in Kashmir: Sena
  1. Government forces launch searches in Pulwama village
  2. Government forces launch searches in Pulwama village
  1. IGTV, Instagram's answer to YouTube, is here
  2. IGTV, Instagram's answer to YouTube, is here
  1. Rescue operation on to retrieve teacher’s body from river in Ganderbal
  2. Rescue operation on to retrieve teacher’s body from river in Ganderbal
  1. Police seeks help to trace missing Beerwah boy
  2. Police seeks help to trace missing Beerwah boy
  1. Mirwaiz placed under house arrest ahead of protest shutdown
  2. Mirwaiz placed under house arrest ahead of protest shutdown
  1. Passport officer rejects application of Hindu-Muslim couple in Lucknow, tells husband to convert to Hinduism
  2. Passport officer rejects application of Hindu-Muslim couple in Lucknow, tells husband to convert to Hinduism
  1. Mudasir Khan, VC J&K Building and Other Constructions Workers Welfare Board, resigns
  2. Mudasir Khan, VC J&K Building and Other Constructions Workers Welfare Board, resigns
  1. Kashmir shuts against Shujaat Bukhari, civilian killings
  2. Kashmir shuts against Shujaat Bukhari, civilian killings
  1. Yoga one of most powerful unifying forces: Narendra Modi
  2. Yoga one of most powerful unifying forces: Narendra Modi
  1. JKLF chief Yasin Malik arrested in Srinagar
  2. JKLF chief Yasin Malik arrested in Srinagar
x
This site uses cookies to deliver our services and to show you relevant news and ads. By using our site, you acknowledge that you have read and understand our Cookie Policy, Privacy Policy, and our Terms of Service.That's Fine