Showing posts with label Yahoo. Show all posts
Showing posts with label Yahoo. Show all posts

Friday, June 16, 2017

Verizon completes Yahoo! acquisition for $4.48bn, launches Oath

Verizon Communications announced the completion of its acquisition of the operating business of Yahoo!, and that it has combined these assets with its existing AOL business to create a new subsidiary, Oath, comprising more than 50 media and technology brands worldwide.

Verizon acquired the Yahoo! operations for approximately $4.48 billion through an agreement originally announced in July last year. Closing of the agreement was delayed as the companies assessed the effect of two data breaches disclosed by Yahoo! after the transaction was announced. The agreement originally value Yahoo! at approximately $4.8 billion in cash.

As a subsidiary of Verizon, Oath will focus on building its brands. The company reaches over one billion people worldwide, offering a group of over 50 media and technology brands. The new Oath portfolio includes HuffPost, Yahoo Sports, AOL.com, MAKERS, Tumblr, BUILD Studios, Yahoo Finance, Yahoo Mail.

The business, part of Verizon's Media and Telematics organisation, will be led by Tim Armstrong, former CEO of AOL. Mr. Armstrong has been leading integration planning teams since the Yahoo transaction was announced in July 2016.

Tim Armstrong is also leading efforts to continue to build an advanced and open advertising technology solutions, with brands such as ONE by AOL and BrightRoll spanning mobile, video, search, native and programmatic ads.

Verizon stated that following the changes to former Yahoo! CEO Marissa Mayer's role with Yahoo as a result of the closing of the transaction, Ms. Mayer has resigned from the company.

Commenting on the transaction, Marni Walden, president of Media and Telematics, said, "The close of this transaction represents a critical step in growing the global scale needed for Verizon's digital media company... the combined set of assets across Verizon and Oath, from VR to AI, 5G to IoT, from content partnerships to originals, will create new ways to (address) audiences globally".



  • In April this year, Verizon announced it would adopt a new operating structure focused on three areas: Media and Telematics, Network and Technology, and Customer and Product Operations.
  • Verizon also announced the appointment of: Marni Walden as EVP of the Media and Telematics business; Hans Vestberg, former CEO of Ericsson, as EVP of the new Network and Technology operation; and John Stratton as EVP of the Customer and Product Operations unit.

Monday, January 9, 2017

Yahoo to Change Name to Altaba, CEO Bows Out

Yahoo will change its name to Altaba following the close of its acquisition by Verizon.

Marissa Mayer will step down from the company's Board of Directors upon closing of the deal. David Filo, Eddy Hartenstein, Richard Hill, Jane Shaw and Maynard Webb will also resign from the Board.

No timeline was given for completion of the sale.

https://investor.yahoo.net/secfiling.cfm?filingID=1193125-17-5897&CIK=1011006&soc_src=mail&soc_trk=ma

Yahoo! -- One Billion Accounts Compromised

Yahoo! confirmed that hackers stole data and compromised more than one billion user accounts in August 2013. The exploit was first disclosed by Yahoo! in November and is most likely different from incident disclosed on September 22, 2016.

Separately, Yahoo previously disclosed that its outside forensic experts were investigating the creation of forged cookies that could allow an intruder to access users' accounts without a password. Based on the ongoing investigation, the company believes an unauthorized third party accessed the company's proprietary code to learn how to forge cookies. The outside forensic experts have identified user accounts for which they believe forged cookies were taken or used. Yahoo is notifying the affected account holders, and has invalidated the forged cookies. The company has connected some of this activity to the same state-sponsored actor believed to be responsible for the data theft the company disclosed on September 22, 2016.

https://yahoo.com/security-update

Yahoo Cites State Actor for Massive Security Breach

Yahoo believes a state-sponsored actor breached its network in late 2014 and may have stole names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers from at least 500 million accounts.

Yahoo said its ongoing investigation suggests that stolen information did not include unprotected passwords, payment card data, or bank account information.

http://www.yahoo.com

Verizon Confirms $4.8 Billion Acquisition of Yahoo

Verizon confirmed a deal to acquire Yahoo for $4.8 billion in cash. The deal does not include Yahoo’s cash, its shares in Alibaba Group Holdings, its shares in Yahoo Japan, Yahoo’s convertible notes, certain minority investments, and Yahoo’s non-core patents (called the Excalibur portfolio). Yahoo will remain a registered, publicly traded investment company holding these assets, and will change its name once the deal closes.

Yahoo, which was founded in 1994 and is based in Sunnyvale, California, remains one the most visited news and media website, with over 7 billion views per month, along with leading web services with email, sports, etc..

Yahoo claims 600 million monthly active users. Yahoo's email service has 225 million monthly active users.

Verizon said the acquisition, combined with its AOL property, gives its more than 25 digital content/service brands in areas ranging from sports and entertainment news to online information services.

“Just over a year ago we acquired AOL to enhance our strategy of providing a cross-screen connection for consumers, creators and advertisers. The acquisition of Yahoo will put Verizon in a highly competitive position as a top global mobile media company, and help accelerate our revenue stream in digital advertising.” Lowell McAdam, Verizon Chairman and CEO
http://www.yahoo.com

Wednesday, December 14, 2016

Yahoo! -- One Billion Accounts Compromised

Yahoo! confirmed that hackers stole data and compromised more than one billion user accounts in August 2013. The exploit was first disclosed by Yahoo! in November and is most likely different from incident disclosed on September 22, 2016.

Separately, Yahoo previously disclosed that its outside forensic experts were investigating the creation of forged cookies that could allow an intruder to access users' accounts without a password. Based on the ongoing investigation, the company believes an unauthorized third party accessed the company's proprietary code to learn how to forge cookies. The outside forensic experts have identified user accounts for which they believe forged cookies were taken or used. Yahoo is notifying the affected account holders, and has invalidated the forged cookies. The company has connected some of this activity to the same state-sponsored actor believed to be responsible for the data theft the company disclosed on September 22, 2016.

https://yahoo.com/security-update

Yahoo Cites State Actor for Massive Security Breach

Yahoo believes a state-sponsored actor breached its network in late 2014 and may have stole names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers from at least 500 million accounts.

Yahoo said its ongoing investigation suggests that stolen information did not include unprotected passwords, payment card data, or bank account information.

http://www.yahoo.com

Thursday, September 22, 2016

Yahoo Cites State Actor for Massive Security Breach

Yahoo believes a state-sponsored actor breached its network in late 2014 and may have stole names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers from at least 500 million accounts.

Yahoo said its ongoing investigation suggests that stolen information did not include unprotected passwords, payment card data, or bank account information.

http://www.yahoo.com


Monday, July 25, 2016

Verizon Confirms $4.8 Billion Acquisition of Yahoo

Verizon confirmed a deal to acquire Yahoo for $4.8 billion in cash. The deal does not include Yahoo’s cash, its shares in Alibaba Group Holdings, its shares in Yahoo Japan, Yahoo’s convertible notes, certain minority investments, and Yahoo’s non-core patents (called the Excalibur portfolio). Yahoo will remain a registered, publicly traded investment company holding these assets, and will change its name once the deal closes.

Yahoo, which was founded in 1994 and is based in Sunnyvale, California, remains one the most visited news and media website, with over 7 billion views per month, along with leading web services with email, sports, etc..

Yahoo claims 600 million monthly active users. Yahoo's email service has 225 million monthly active users.

Verizon said the acquisition, combined with its AOL property, gives its more than 25 digital content/service brands in areas ranging from sports and entertainment news to online information services.

“Just over a year ago we acquired AOL to enhance our strategy of providing a cross-screen connection for consumers, creators and advertisers. The acquisition of Yahoo will put Verizon in a highly competitive position as a top global mobile media company, and help accelerate our revenue stream in digital advertising.” Lowell McAdam, Verizon Chairman and CEO
http://www.yahoo.com

Sunday, March 8, 2015

Yahoo Japan Deploys Nutanix for VDI

Yahoo Japan Corporation has deployed the Nutanix Virtual Computing Platform for desktop virtualization to mitigate the impact of malware infections and provide a consistent IT framework for staff working across the business.

“We deployed VDI on Nutanix in three hubs that review and patrol third-party sites, and as the operational infrastructure for about 300 staff,” said Hiroshi Kiyomiya, CTO, Yahoo Japan Corporation.

“Desktops that are infected are immediately removed per our security guidelines; previously it took several hours to reinstall and setup the machine before work could continue. With our new Nutanix VDI environment we can immediately reset the virtual desktop that has been infected, revert to a virtual desktop image before it was infected, and work can be resumed immediately, so we are seeing staff productivity improve by 30%. ”

http://www.nutanix.com

See also