Verizon to Pay $4.8 Billion for Yahoo’s Core Business [The New York Times] Yahoo was the front door to the web for an early generation of internet users, and its services still attract a billion visitors a month. But the internet is an unforgiving place for yesterday’s great idea, and on Sunday, Yahoo reached the end of the line as an independent company. The board of the Silicon Valley company agreed to sell Yahoo’s core internet operations and land holdings to Verizon for $4.8 billion, according to people briefed on the matter, who were not authorized to speak about the deal before the planned announcement on Monday morning. [more inside]
You might now be running in your head to a well worn path of justified resistance, phoning up the ol’ gang, circling the hippocampian wagons of amygdalian resistance. Hold on a sec, pilgrim. Yahoo urges its employees to switch from using outlook to Yahoo Mail in a bizare internal email. Meanwhile, as Microsoft abandons the hated practice of stack ranking Yahoo adopts it as its own. But hey, they have Katie Couric now!
Jerry Yang, founder and CEO of Yahoo, has stepped down. He recently turned down a $31 a share offer from Microsoft, and with Yahoo shares hovering around $10, some say he was forced out.
The head of a small company may still choose to be a tyrant; a large organization is compelled by its structure to be one
In an artificial world, only extremists live naturally. Or: You weren't meant to have a boss. On the other hand, maybe you are.
Have a business? Want its site listed on Yahoo? From this point on, you have to use Yahoo! Express, which means you have to pay $299 for them to just consider your site. Does this diminish the validity of Yahoo's listings, or is this just the inevitable result of the dot-com decline?
"At some point Yahoo! will shift emphasis towards a billing relationship, that is as good as fact. What they need to decide, however, is whether to lead with a subscription or ISP model."
Welcome to the blob. Please watch your step. It looks like Viacom's going to swallow up Yahoo! and all its assorted properties. What does this leave untouched, by partnerships or redistribution deals or what-have-you? Anything? (Who was it again who was predicting that one large company that controlled everything called Omnivox? I remember reading about it somewhere when I was, like, ten or so.)