Verizon purchases yahoo in 5 billion
Verizon confirmed the purchase of Yahoo
for $4.83 billion on 26th july /2016, marking the end of an era for
the company that once defined the world wide web.
Internet Yahoo finally confirmed a deal
to sell its main online resources, ending the 20-year run as an independent
& impressive company. United States telecommunications giant Verizon
Communications bought the advertising operation and also the search engine of
Yahoo.
Yahoo CEO
Marissa Mayer said, “Today is a big day for me & Yahoo. For me personally,
I’m planning to stay. I love Yahoo.”
Yahoo is still doing main force of the
Internet, but it lags behind b/w competitors in its ability to “monetize” their
audience through publishing & advertising, that is associated with the
processing of clients and other online activities.
The deal marks are sharp decline for
Yahoo, one of the most famous names in the Internet time early, which is
estimated at more than $100 billion to the dot-com collapse in 2000 and also which
in 2008, rejected the offer of $44 billion from Microsoft.
The company had a much better chance of
survival with Microsoft back in 2008 even though LinkedIn got $26.2 billion.
Children will continue to be remembered,
Yahoo, as a pioneer, which failed instantly after the bursting of the dot-com
burst
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