Verizon Communications Inc. agreed to buy Yahoo! Inc.’s web assets for $4.83 billion, ending the company’s two-decade run as an independent business that took it from Stanford University startup at the dawn of the internet age to also-ran behind nimbler online rivals such as Google and Facebook Inc. Verizon Ends Yahoo Independence With $4.83 Billion Deal – Bloomberg
I have used Yahoo off and on over the past 20 years of being on the World Wide Web. Yahoo Mail was the thing back in the day and almost everyone had an address.
Hearing the news of the sale to Verizon saddens me a little because this was a once mighty company who made the Internet what it is today and they sold just to survive. Verizon earlier bought AOL which is another old tech company everyone used. Yahoo didn’t innovate fast enough and they weren’t ready for the mobile revolution we see today. I have a history with Tumblr which was bought by Yahoo awhile back and it will be interesting to see how this plays out there. I think Verizon will do some good things but I don’t expect Yahoo to remain what it is today or what it was yesterday.