Verizon Wireless has recently announced this week that it had managed to close its $4.48 billion buyout of Yahoo, amidst a lengthy and at times tricky negotiation phase replete with shareholder spats and breaches of security. As Yahoo moves on to a whole new chapter (where it is no longer an independent business entity), Marissa Mayer, the chief executive officer of the Internet giant, has chosen to step down, announcing the decision on Tumblr.
It was back in July earlier this year when Verizon Wireless officially made a move to acquire Internet giant Yahoo for a sum of $4.83 billion. But now that Yahoo has suffered yet another massive hack on its user accounts, the biggest mobile operator in the United States is reportedly asking for a lower acquisition price, and even considering to completely back out of the deal, according to a report published by Bloomberg.
Yahoo may no longer be able to keep up with Google’s massive empire, but its Yahoo Answers actually remains one of the most visited Q&A websites in all of the world wide web, with more than 3.1 million monthly visitors in the United States alone. Well, Yahoo, has proceeded to launching a native mobile app (albeit quietly) -- it is called Yahoo Answers Now, and just like its web counterpart, the app basically allows users to ask and browse questions, answer, and even track questions posted by other users.
Back in July earlier this year, we reported about Verizon Wireless’ plans to acquire Yahoo for $4.83 billion. In recent weeks however, Yahoo has hit some headlines that frankly does not do itself some favors. What we are referring to, of course, is the massive hack on Yahoo that could be considered the biggest one of its kind in history. The hack exposed the account details of at least 500 million customers.
Yahoo will soon officially be owned by the biggest wireless carrier in the United States. Both Yahoo and Verizon Wireless announced the deal following a bidding process that spanned several months. The Big Red will be paying cash amounting to $4.83 billion in exchange for Yahoo’s core web businesses, which include familiar brands such as Yahoo Mail, Fantasy Sports, Flickr, and of course Yahoo’s search engine, plus the Internet company’s advertising tech. Note that the sale does not include Yahoo’s shares in Alibaba Group Holdings or its shares in Yahoo Japan.
It appears that Yahoo is attracting quite a veritable gang of potential bidders. According to a report by Bloomberg, Verizon Wireless is purportedly planning to make a bid to acquire Yahoo’s Web division. On top of all that, Alphabet, also known as the parent company of Google, might be making an offer as well.
Yahoo has officially done it -- announcing its Livetext messaging app to the world. Livetext is a brand messaging app that allows mobile users to chat with their friends via text conversations and videos, but without audio.
Almost a couple of weeks ago, the Livetext messaging app was spotted in Apple’s Hong Kong App Store. At the time of the sighting, Yahoo had refrained from confirming or denying the existence of the app, stating only that it was always in the process of exploring new product experiences for its users.
For a while now, there have been rumors that Yahoo was developing an overhauled version of its once popular messenger app. But recent events indicate that those rumors turn out to be true because the company debuted (and without much fanfare) the new and revamped edition of its Yahoo Messenger mobile app. Now taking the moniker Yahoo Livetext - Video Messenger, the new app has been released on the Hong Kong iTunes App Store.
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