The Rest of the Day: Verizon Buys Yahoo for $ 4.8 Billion
As expected, Verizon completed the acquisition of Yahoo’s core assets for $ 4.83 billion. This is how the reign of one of the first Internet giants ends, not with an exclamation mark, but with a sob.
- Verizon will merge Yahoo’s core business with AOL, which it also acquired last year. By comparison, Verizon now owns Flickr, Tumblr, all of Yahoo’s sites, as well as AOL assets such as the Huffington Post, Engadget, and TechCrunch. The rest of Yahoo’s parts that are not in the deal include their stake in Alibaba and several other properties, worth some $ 40 billion. [AP & Bloomberg]
- In other news, it should be noted that the final build of the Windows 10 Anniversary Update is in the hands of Windows Insiders testers. It will be available to all users on August 2nd. Also, don’t forget that the Windows 10 upgrade will only be free for a few days . [Ars Technica]
- Nintendo stock has gone through a tumultuous week following the Pokémon Go craze that initially saw the company’s value skyrocket. But Nintendo only owns a third Pokemon company, and the game’s developer Niantic is a privately held company, so Nintendo isn’t making a lot of profit from the new game. Thus, they advised their investors to relax. [Kotaku]
- Twitter made an ad to differentiate itself from other social media platforms and to explain what the point of Twitter is. The fact that the ten-year-old Internet company needs to clarify its purpose is of course symptomatic of their failure to achieve sustainable growth, while the popularity of other social networks has skyrocketed. But Twitter has remained culturally relevant over the years, especially with the latest news. This is really the thesis of the new advertisement. Twitter is not about telling people what you eat for lunch; The point is to see what the more important people eat for lunch. Twitter is where you go to find out what’s going on in the world: