Tag "Verizon"

Verizon snaps a $350mn discount on Yahoo deal, new price $4.48bn

By : CIOL Writers

Yahoo’s disclosure of two massive data breaches that affected more than a billion users finally gets stamped as Verizon knocks off $350mn of the Yahoo’s original sale price that now stands at $4.48 billion. Interestingly, the two have also agreed

Verizon reportedly to close Yahoo acquisition with a $250mn discount

By : CIOL Writers

Everyone knew this was coming. Verizon and Yahoo are closing their deal with a price tag that’s $250 million less than the $4.8 billion agreed upon last year, according to a Bloomberg report. Though the figure is smaller than what

Yahoo beats Q4 earnings predictions and expectedly delays the closure of Verizon acquisition

By : CIOL Writers

Beating Wall Street earnings expectations, Yahoo released its fourth quarter earnings results, generating $1.47 billion in revenue and earnings per share of $0.17. The analysts had expected the company to report $1.38 billion in revenue with earnings per share of

Yahoo reveals another massive breach affecting 1bn user accounts

By : CIOL Writers

Breaking its own embarrassing record of security breaches, California-based Yahoo has disclosed yet another cyber-security breach of more than one billion user accounts that occurred in 2013. This is the second such discovery since Verizon acquired Yahoo for $4.83 billion.

Verizon acquires SocialRadar, a mapping startup to boost MapQuest

By : CIOL Writers

Verizon has acquired Washington DC-based SocialRadar, a social mapping startup for an undisclosed amount. The brainchild of former Blackboard co-founder Michael Chasen, SocialRadar provides technology that takes users to exact specific location, even to a specific door in a building,

Yahoo admits it knew about the hack in 2014 itself

By : CIOL Writers

In a not so surprising turn of events, Yahoo has admitted that some of its employees were aware of the massive data breach of 500 million users as early as 2014 — much before Yahoo publicly acknowledged the hack. According

Verizon acquires Vessel to boost its online video ambitions

By : CIOL Writers

In an attempt to bring more content publishers and boost its video ambitions, Verizon is acquiring Vessel, a mobile video service provider to use its technology, product, and team to strengthen the telecommunication giant’s online video strategy. Though the financial

Verizon reportedly asking for $1 billion discount on Yahoo

By : CIOL Writers

When Verizon signed a deal to buy Yahoo for $4.8 billion in July, it looked as if Yahoo’s sinking ship might just have got its anchor. But, seems like the anchorage is still really far off. First, it was the

Disney too is in fray for a possible Twitter buyout

By : CIOL Writers

Walt Disney is evaluating a potential bid for Twitter, Bloomberg reported on Monday. Confirming the news, Techcrunch reports that the company is indeed working with bankers now to determine whether the deal makes sense. Twitter co-founder and chief executive Jack

Verizon boosts content services in India with Airtel partnership

BANGALORE, INDIA: Verizon Digital Media Services and Bharti Airtel have partnered to launch new points of presence (PoPs) in four cities in India: Mumbai, Chennai, Bangalore and New Delhi. The installations mark Verizon Digital Media Services’ significant investment into expanding

Verizon buys Fleetmatics to strengthen its enterprise mobility services

By : CIOL Writers

Barely a week after acquiring Yahoo Inc., Verizon has announced another huge purchase: Fleetmatics, a Dublin-based telematics company, for $2.4 billion in cash, to build out the products that it offers to enterprises in the areas of logistics and workforces

Yahoo launches redesigned Messenger desktop app

By : CIOL Writers

Though Yahoo has been acquired by Verizon for $4.8 billion, Yahoo still remains a standalone company. So, it’s work as usual at the company. For those of you who still rely on Yahoo for your messaging needs, the internet pioneer

Marissa Mayer may stay to see Yahoo into its next chapter

By : CIOL Writers

For CEO Marissa Mayer, acquisition of Yahoo‘s core internet business by US wireless company Verizon “presents exciting opportunities to accelerate Yahoo’s transformation” and that she plans to stay to “see Yahoo into its next chapter.” In an email to Yahoo

Yahoo to sell core biz to Verizon for $4.8bn

USA: The board of Yahoo has agreed to sell its core assets to Verizon, according to a New York Times report. The official announcement is yet to come. Verizon beat AT&T, PE giant TPG and a consortium led by Quicken

Verizon might be the one to buy Yahoo’s core business

By : CIOL Writers

Verizon Communications Inc is the front-runner among the bidders to buy Yahoo Inc.’s core business, reports Reuters. The deal is expected to boost Verizon’s AOL Internet business, by giving it access to Yahoo’s advertising technology tools, as well other assets

Yahoo reports a 5.2pc rise in total quarterly revenue

By : CIOL Writers

Yahoo has reported a 5.2 percent rise in total quarterly revenue, a sign of progress in its troubled core Internet business it is auctioning off. Yahoo is in the process of auctioning off its search and advertising business and is

Soon 5G Will Be The New Reality

By : CIOL Writers

The hottest news of Mobile World Congress’2016 is 5G. The buzzing 5G could potentially serve 10 to 100 times faster than today’s LTE.  Though there is no single 5G standard yet, but corporations from AT &T and Verizon to Ericson,