Yahoo's sale

[TradeCat]

It's finally here. Yahoo's internet search business will likely be sold to either Verizon or AT&T.

Personally I think Mayer was a politically correct hire who was never right for the job. Her horrendous deal with Mozilla will plague the buyer.

Another once-great internet business bites the dust. Apple and Tesla will soon follow.

Discuss.

 

[Siddharth Krishnan]

yes, finally! what an incredibly long drawn out sale process it has been!

 

[marsman]

Why does it matter to you?

 

[lawrence-lugar]

Why does it matter to you?

I agree -- Yahoo is shit; it should be ignored as a trader -- it's kind of like penny stocks.
There are better/greater ways and things to trade.

 

[d08]

I expect Yahoo Finance to turn into complete crap once it's sold. All freebies are monetized and I won't be visiting the site any longer.

 

[Humpy]

I like and use the FREE data. Let's hope the buyer at least keeps that going.

 

[Michael J. Fletcher]

Mayer is one of the worst top CEO's right now; she took a sound company and made an outsider.

 

[felixbocharov]

Can someone explain why such companies like Verizon or AT&T might want to buy Yahoo? Is there any connection between these businesses?

 

[Siddharth Krishnan]

Can someone explain why such companies like Verizon or AT&T might want to buy Yahoo? Is there any connection between these businesses?

Verizon owns AOL, which if combined with Yahoo's core business can be a source for significant ad revenues (or so they hope).

 

[TradeCat]

Trade unions are a cancer for big telecom like Verizon and At&t. The only way to get away from the low growth cable and infrastructure work (dominated by blue collar over-compensated union people), these "old" companies are diversifying into the information and online ad business.