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Yahoo (/ ˈ j ɑː h uː / ⓘ, styled yahoo! in its logo) [4] [5] is an American web services provider. It is headquartered in Sunnyvale, California , and operated by the namesake company Yahoo! Inc. , which is 90% owned by investment funds managed by Apollo Global Management and 10% by Verizon .
The company is headquartered in Manhattan, New York. [15] As of December 2019, the company employed about 10,350 people. [2] [16]A year after the completion of the AOL acquisition, Verizon announced a $4.8 billion deal for Yahoo!'s core Internet business, to invest in the Internet company's search, news, finance, sports, video, emails and Tumblr products. [17]
Yahoo!, once one of the most popular web sites in the United States, is as of September 2021 a content sub-division of the namesake company Yahoo Inc., owned by Apollo Global Management (90%) and Verizon Communications (10%). It has offered a wide range of online sites and services since its inception in 1994, a majority of which are now defunct.
Yahoo used to hold a 40% stake in Alibaba, which manages a web portal in China using the Yahoo brand name. Yahoo in the USA does not have direct control over Alibaba, which operates as a completely independent company. On September 18, 2012, following years of negotiations, Yahoo agreed to sell a 20% stake back to Alibaba for $7.6 billion. [176]
The AOL company name has changed to Oath. Oath is part of the Verizon family of companies and consists of over 50 digital and mobile brands globally, including HuffPost, Yahoo News, Yahoo Sports, Tumblr, and AOL, as well as advertising platforms such as ONE by AOL, BrightRoll, and Gemini. The way we handle your information hasn’t changed, so ...
Altaba Inc. was a non-diversified, closed-end management investment company based in New York City [2] that was formed from the remains of the first incarnation of Yahoo! Inc. after Verizon had acquired old Yahoo's Internet business. [3] Verizon completed its acquisition on June 13, 2017, and put the assets under a new subsidiary named Yahoo!
On November 30, 2008, Microsoft offered to buy Yahoo!'s search business for $20 billion. [72] On July 29, 2009, a 10-year deal was announced giving Microsoft full access to Yahoo!'s search engine to be used in future Microsoft projects in its Bing search engine. [73] Under the deal, Microsoft was not required to pay any cash up front to Yahoo!.
LY Corporation (LINEヤフー株式会社, Rain Yafū Kabushiki-gaisha, lit. ' Line Yahoo Corporation '), trading as LYC, [1] is a Japanese internet company owned by A Holdings, a joint venture between SoftBank Group of Japan, and Naver Corporation of South Korea, [2] founded in 2023 by the merger of Z Holdings, and four subsidiaries including Line Corporation and Yahoo!