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Yahoo has set a new world record. The Internet company, in a statement this week, said the 2013 cyber-attack of its systems resulted in the breach of every single user account it had at that time: three billion, to be exact. That is far more than the one billion accounts it originally estimated when the company broke […]

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Veteran TV news personality Katie Couric is calling it a day with Yahoo. Couric, who signed on as the Internet company’s global anchor back in 2013, is leaving the firm following the $4.48-billion takeover of Yahoo’s core Internet division by Verizon. Couric, who was the face of Yahoo News after being brought on board as part of former CEO Marissa Mayer’s […]

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Verizon has finally closed its $4.48-billion all-cash purchase of Yahoo’s Internet division signalling the end of the road for CEO Marissa Mayer. Mayer, in a lengthy blog post on Tuesday, announced she would be leaving the company — an announcement that comes as no surprise. Mayer, who took the reins at Yahoo five years ago, will […]

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AOL and Yahoo will lay off more than 2,000 employees as the companies gear up to combine for the creation of a new media division at Verizon, Reuters is reporting. The job cuts represent roughly 15 percent of the 14,000 people who work at the firms, a “person briefed on the matter” told Reuters Thursday, adding that a good share of the lost […]

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Google and Facebook, together, dominate the world of advertising, accounting for one-fifth of revenues across all media in 2016. That is massive growth compared to the 11 percent the companies commanded back in 2012. Alphabet-owned Google hit $79.4 billion last year, making it the largest media owner in the world with three times as much ad revenue as second […]

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Are you ready to take the Oath? Tim Armstrong certainly hopes so. The AOL CEO took to Twitter to announce that Verizon-owned AOL and Yahoo will soon be under a new umbrella: Oath. “Billion+ Consumers, 20+ Brands, Unstoppable Team. #TakeTheOath. Summer 2017,” he tweeted. Once Verizon completes its acquisition of Yahoo’s Internet division, AOL and Yahoo […]

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Marissa Mayer is getting ready to step down as CEO of Yahoo. Mayer, who will officially leave Yahoo once the sale of its Internet division to Verizon for $4.48 billion is complete, will not leave empty-handed, however. The 41-year-old will exit the company with a $23-million payout, according to today’s filing with the Securities and Exchange Commission. […]

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Marissa Mayer may not win any prizes for CEO of the year, but the Yahoo top boss is a class act. Mayer announced her plan to redistribute her annual bonus and equity stock grant to Yahoo employees in a brief Tumblr post. She says the move was warranted because two major data breaches, affecting more than 1.5 […]

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Yahoo has saved its deal with Verizon by slashing $350 million from the $4.83-billion sale price of its Internet division. Now valued at approximately $4.48 billion in cash, the deal is expected to close in the second quarter of 2017. The price reduction is a far cry from the $1-billion discount Verizon was reportedly pushing for late last year. The companies will […]

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Verizon is working out a new deal with Yahoo that will see the $4.8-billion purchase price for the company’s Internet division slashed by roughly $250 million. People “familiar with the matter” told Bloomberg that Verizon and Altaba, the name Yahoo will assume once the sale goes through, will share any ongoing legal responsibilities connected to the two recently revealed […]

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Yahoo has pushed back the sale of its Internet division to Verizon to the second quarter of 2017, delaying the $4.83-billion all cash deal for several months. Although the transaction was originally to be completed in the first quarter of this year, Yahoo, as part of its latest quarterly earnings report, said due to the “work […]

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The U.S. Securities and Exchange Commission is investigating Yahoo for its failure to promptly report two massive hacks of its systems to its investors. Yahoo did not disclose the 2014 breach of 500 million user accounts until last September and then, in December, Yahoo admitted to yet another hack, this one in 2013, affecting one billion accounts. […]

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Yahoo will change its name to Altaba Inc. if Verizon goes ahead with the purchase of the tech firm’s Internet division, according to a SEC filing. The name, seemingly, was inspired by the company’s 15 percent stake in Chinese e-retailer Alibaba. The SEC filing also revealed CEO Marissa Mayer and board chairman Maynard Webb will resign from the company’s board of directors […]

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If you thought the hack of 500 million accounts was bad, Yahoo has set a new record: one billion account breaches. Yahoo has confirmed an August 2013 incident in which the data associated with more than one billion user accounts was stolen. “We have not been able to identify the intrusion associated with this theft,” Yahoo chief […]

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Yahoo has quietly launched a new app for Yahoo Answers Now, a Q&A site on the Web with more than 3.1 million U.S. monthly visitors. The tech firm originally tested the question and answer service under the name Yahoo Hive, but, decided to do a little rebranding and renamed the service last month. The new app, launched this week, […]

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