Yahoo! Inc. (2017–present)
American technology company / From Wikipedia, the free encyclopedia
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Yahoo! Inc. is an American multinational technology company that focuses on media and online business. It is the second and current incarnation of the company, after Verizon Communications acquired the core assets of its predecessor and merged them with AOL in 2017. The resulting subsidiary entity was briefly called Oath Inc. In December 2018, Verizon announced it would write down the combined value of its purchases of AOL and Yahoo! by $4.6 billion, roughly half; the company would be renamed Verizon Media the following month in January 2019.
|Headquarters||New York City, New York, U.S.|
|Jim Lanzone (CEO)|
|Revenue||$7.4 billion (2020)|
Number of employees
|Footnotes / references|
On May 3, 2021, Verizon announced that 90 percent of the division would be acquired by American private equity firm Apollo Global Management for roughly $5 billion, and would simply be known as Yahoo; Verizon would retain a 10 percent stake in the new group. The acquisition was completed on September 1, 2021.