C
Chris Mills
Guest
In a vote today, Yahoo's stockholders formally approved the sale of sad former internet company Yahoo to telecoms giant Verizon. The sale values Yahoo at about $4.5 billion, a price that was reduced by hundreds of millions in February, after details of a major Yahoo security breach leaked.
As the vote took place today, details also leaked out about staff reductions that Verizon is imposing on its new acquisition. Around 2,100 positions are reportedly being cut across Yahoo and AOL, the current Verizon subsidiary that Yahoo is being merged with.
Continue reading...
Trending right now:
- Let’s talk about the iPhone 8, which might make one of the worst design compromises we’ve ever seen
- It’s not too late to get Nintendo’s discontinued NES Classic Edition on Amazon
- The Galaxy Note 8 was supposed to have a signature iPhone 8 feature, but it looks like it won’t
Via BRG - Boy Genius Report