Published on Tuesday, January 10, 2017
Yahoo to be renamed Altaba, CEO to step down
IANS


Latest News

Yahoo, which was acquired by US wireless communications service provider Verizon for a mere $4.8 billion in July last year, will soon be called Altaba, media reported on Tuesday, adding that Yahoo CEO Marissa Mayer will step down from the board of directors.

"Six Yahoo directors will be leaving after the Verizon sale, including Mayer," The Wall Street Journal reported.

After the sale of its core internet business, the company will change its name to Altaba Inc., Yahoo said in a regulatory filing.

The name is a combination of the words "alternate" and "Alibaba," a person familiar with the matter was quoted as saying.

"The idea behind the name is that Altaba's stock can now be tracked as an alternative to Alibaba because Yahoo owns a sizeable chunk of the Chinese company," The Washington Post reported.

The Yahoo acquisition will lead Verizon to firm up its operations in the digital ad space.

According to experts, the viable option for Verizon is now to marry online Yahoo assets with AOL, which it acquired for $4.4 billion. AOL has properties like The Huffington Post and technology websites Techcrunch and Engadget -- and now Yahoo Finance -- which together can become a strong digital advertising platform for Verizon.

"Verizon will surely monetise both Yahoo and AOL operations to get the best out of this deal," Vishal Tripathi, Research Director at global market consultancy firm Gartner, told IANS.

Photo-sharing website Flickr and the slowly growing microblogging and social networking website Tumblr are two Yahoo assets that show some promise for growth.

"Verizon has now got Tumblr, Flickr, Yahoo Sports and Yahoo News. With the consolidation, the deal may prove to be a sweet one for Verizon," Tripathi said.

The deal means an end to the struggle to survive for Yahoo which was once valued at over $125 billion at its peak in January 2000 when the dot com bubble was nearing its end.

Following the sale, the company will be left with about $41 billion it invested in the Chinese e-commerce company Alibaba as well as Yahoo Japan.

Verizon makes most of its money from mobile phone connections while Yahoo generated more than twice as much revenue from search and display ads on desktop computers than it did from its so-called MAVENs businesses (Mobile, Video, Native and Social).
 


Express your comment on this article


Name  
Email    
Comment
characters remaining  
Human Verification Code Type the Numbers you see in the picture below.


Disclaimer: The views expressed here are strictly personal and IndiansinKuwait.com does not hold any responsibility on them. We shall endeavour to upload/publish as many of the comments that are submitted as possible within a reasonable span of time, but we do not guarantee that all comments that are submitted will be uploaded/published. Messages that harass, abuse or threaten other members; have obscene, unlawful, defamatory, libellous, hateful, or otherwise objectionable content; or have spam, commercial or advertising content or links are liable to be removed by the editors. We also reserve the right to edit the comments that do get published. Please do not post any private information unless you want it to be available publicly.
IIK Special...
Image
Antiques, Curios and Much More...
Have you ever heard about a museum at home in Kuwait? We, the IIK team were fortunate enough to vis...

Image
Safe, Orderly and Regular Migration
"Safe orderly, regular and responsible migration” the notion of migration governance has received a...

Image
Happy New Year –Think Different Be Different
Happy new year----This is the phrase we say every year does it change our life? Think different ...

Image
Reflections on Changing Times
Malini Viswanath in Conversation with Anju Dheman(The quintessential academic) and Chaitali Roy(The...

12345678910...
IIK Dine Out...
Image
Experience Indian Corner Tandoori Nights at Al Manshar Rotana Hotel
Al Manshar Rotana Hotel at Fahaheel, Kuwait launched an authentic Tandoori Night with an Indian cor...

Image
Biryani & Kebabi restaurant opened at Arabia Mall in Egila
Biryani & Kebabi is the newest addition to Al Sabah & Kohli food and beverage brands. Al Sabah & Ko...

Image
Indulge in the luxury of Indian dinner every Tuesday at Jumeirah’s Garden Café
We all love luxury. We have many occasions to celebrate life luxuriously. Be it our anniversary, bi...

Image
A delightful treat to our taste buds- Samrat Restaurant Weekend Buffet.
Delicious Food.. Good Company with Family or friends ... That’s what all look for on a weekend. B...

Image
Enjoy the Luxury of Healthy Breakfast
Who doesn’t like to sip a hot chocolate or hot coffee with yummy and healthy English breakfast in a...

IIK Sports...
Image
TRASSK Football Tournament
Thrissur Association of Kuwait (TRASSK) organized a football tournament for members at Mishref Foot...

Image
Students India Football Tournament - SWAT Champions
S.W.A.T Abbasiya emerged the champions in the second Football tournament conducted by Students Indi...

Image
MAC Frontline Holidays 7th Mega Football Fest-2017 to be held on 30 December 2016
7th edition of MAC Kuwait One day Mega Football Fest-2017 is scheduled to kick off on Friday 30 Dec...

What's On...
Jan
19
Image
Idukki Association-Kuwait New Year Celebrations on 19th Jan 2017
Jan
19
Image
Kuwait City Marthoma Yuvajana Sakhyam organizing Family Motivational Talk “Imbam 2017”
Jan
20
Image
Friends of Cry Club -FOCC organizing CRYWalk 2017
Jan
20
Image
UPKAR association conducting annual Sports Day on 20th Jan 2017
Jan
20
Image
Santhwanam Announces 16th Anniversary & AGM on 20th Jan 2017
Jan
20
Image
NSS Kuwait Mannam jayanthi celebrations 2017
Jan
20
Image
9th Norka, expatriate welfare fund help desk
Jan
26
Image
CIS organizing an event called 'AMAR JAWAN' on Republic Day of India
Jan
27
Image
ICS presents “Mega Theatrical Bonanza”
Jan
28
Image
IBPC organizing Santoor Concert on 28th January 2017
Feb
3
Image
MahaQuizzer Middle East – Kuwait on 3rd February, 2017
Feb
3
Image
MahaQuizzer Middle East - Kuwait on 3rd February, 2017
Feb
24
Image
Kozhikode District NRI Association (KDNA) celebrating Malabar Mahotsavam2017
Apr
21
Image
NITCAA Kuwait presenting Trishna 11 on 21st April 2017
Its your portal, its your platform, so get involved.




NEWS
WHATS'ON
COMMUNITY NEWS
EDUCATION
IIK TECH
LIFE STYLE
YATRA
DINE-OUT
AUTOMOBILE
IIK YOUNG REPORTER
CLASSIFIEDS
FORUM
GREETINGS
IIK SPORTS
ENTERTAINMENT
PLACES IN KUWAIT
CONTACT US