Tag: Marissa Mayer
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Yahoo to pay accountholders, others for security breach
Yahoo has agreed to pay $50 million in damages and provide two years of free credit-monitoring services to 200 million people whose email addresses and other personal information were stolen as part of the biggest security breach in history. The restitution hinges on federal court approval of a settlement filed late Monday in a 2-year-old…
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Verizon takes over Yahoo for $4.48 billion, as CEO Marissa Mayer steps down
Verizon has taken over Yahoo, completing a $4.5 billion deal that will usher in a new management team to attempt to wring more advertising revenue from one of the Internet’s best-known brands. Tuesday’s closure of the sale ends Yahoo’s 21-year history as a publicly traded company. It also ends the nearly five-year reign of Yahoo…
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Web giant, Yahoo Inc. goes into extinction
Early web giant, Yahoo Inc., is following the path of AOL into extinction as Verizon Communications Inc. has confirmed concluded plans to acquire the once-loved-by-all tech firm for $4.8 billion in July, in an acquisition that will see the firm’s name changed to Altaba. Yahoo confirmed the development on Monday saying it will whittle down…