BusinessLatest From News

The Deal News; Verizon is considering selling the remnants of AOL and Yahoo

Verizon’s $9 billion bet on AOL and Yahoo hasn’t led to riches for shareholders of the largest U.S. wireless company. But other buyers may still find value in some of the assets. The Wall Street Journal first reported on the potential sale, which the newspaper said could be valued at $4 billion to $5 billion. The group generated about $7 billion in revenue in 2020 and $1.9 billion in the first quarter of 2021, up 10.4% over a year earlier. Of all Yahoo’s consumer-facing legacy internet properties, Yahoo Finance is likely the most valuable, according to a person familiar with the matter. Several years ago, more than one financial firm approached Verizon to partner with Yahoo Finance and buy a stake in the asset. At the time, the deal would have valued Yahoo Finance alone at about $2 billion. Yahoo Finance had more than 325 million visits last month, according to SimilarWeb. One in four Americans still use Yahoo Mail, according to Comscore. Yahoo Mail still gets about 200 million monthly global unique visitors.

Source: CNBC

 

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button