Category Archives: Yahoo

Crunch Report | Uber CEO Takes Leave of Absence

Uber CEO Travis Kalanick is taking a leave of absence, Verizon closes on its $4.5 billion acquisition of Yahoo and Marissa Mayer is leaving the company, Tim Cook discusses more of Apple’s car plans and Amazon launches Prime Reload. All this on Crunch Report. Read More

Yahoo and AOL are now a Verizon subsidiary called “Oath”

(credit: David Ramos/Bloomberg via Getty Images)

Verizon today said it has completed its $4.48 billion acquisition of Yahoo's operating business and formed a new subsidiary called "Oath" that includes both Yahoo and AOL.

Oath is "a diverse house of more than 50 media and technology brands that engages more than a billion people around the world," Verizon's announcement said. (Yahoo alone has previously said it already had more than 1 billion monthly users.)

Advertising is key to Verizon's plans for Oath. Since Verizon is a home Internet provider and the largest wireless carrier in the US, its access to Internet subscribers' browsing histories could help boost the Yahoo/AOL advertising business. The Republican-led Congress and President Donald Trump recently wiped out rules that would have made it harder for ISPs to use their customers' browsing history to serve personalized advertising.

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Crunch Report | Big Layoff Coming to AOL and Yahoo

Big layoff coming to AOL and Yahoo after the merger, Microsoft buys Hexadite, Erica Baker is now director of engineering at Kickastarter and Essential raises $300 Million. All this on Crunch Report. Read More

With path cleared to close Yahoo deal, Verizon prepares the pink slip printer

Enlarge / Photo by Silicon Valley Historical Association/Gado/Getty Images. (credit: SVHA/Gado/GettyImages)

Yahoo stockholders today approved the terms of the acquisition of the company's Internet business by Verizon for $4.48 billion. What once was Yahoo's primary business will be merged with Verizon's AOL unit to create a business to be called "Oath."

With that deal on final approach, many Yahoo and AOL employees may be uttering oaths of their own as Verizon prepares to purge about 2,100 workers from the combined organization, according to a Wall Street Journal report. That amounts to about 15 percent of the combined workforce of the two businesses. The layoffs are expected to be spread evenly across AOL and Yahoo staff, and few of the cuts are expected to affect engineers and product teams.

The layoffs mark the latest series of cuts for both Yahoo and AOL, which have both been shedding employees in anticipation of the deal. AOL cut about 500 employees late last year, and Yahoo is down from about 14,000 employees in 2010 to roughly 8,100 as of the end of last year.

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Yahoo’s Bob Lord said massive data breach felt like Vertigo

 Being the chief information security officer at the company that’s suffered the biggest (known) data breaches in history isn’t the kind of fame most CISOs would be looking for. But it’s Yahoo’s Bob Lord’s bag. His LinkedIn profile includes the line: “I lead the Paranoids, the information security team at Yahoo.” Read More

Yahoo cybersecurity lead Bob Lord is speaking at Disrupt NY

 I’m very excited to announce that Yahoo’s chief information security officer, Bob Lord, will be joining TechCrunch for a fireside chat at Disrupt NY this year. Since the news first broke last year that Yahoo had suffered two massive breaches — the biggest in history — we’ve had a lot of questions. How did this happen? Why did it take Yahoo years to discover… Read More