Welcome to this article where we explore the vast portfolio of companies owned by Yahoo. As one of the pioneers of the internet, Yahoo has acquired and nurtured numerous subsidiaries over the years. Let’s dive into the world of Yahoo’s ownership and discover the diverse range of companies under its umbrella.
Key Takeaways:
- Yahoo owns a diverse portfolio of companies in various industries.
- Verizon Communications acquired Yahoo’s core Internet business in 2017.
- Marissa Mayer resigned as CEO after the acquisition.
- The company underwent a rebranding as Oath Inc., later renamed Verizon Media.
- Explore the list of Yahoo subsidiaries and acquisitions below.
A Brief History of Yahoo and Its Acquisitions
In 1994, Yahoo was founded by Jerry Yang and David Filo, two Stanford University graduate students. Originally called “Jerry and David’s Guide to the World Wide Web,” Yahoo started as a web directory. It quickly gained popularity and became one of the pioneers of the internet era.
During its early years, Yahoo expanded its services to include a search engine, which played a significant role in helping users navigate the growing internet. Yahoo’s search engine became a household name and a popular alternative to other search engines at the time.
In addition to its search engine, Yahoo made strategic acquisitions that further solidified its position in the digital landscape. One of its notable acquisitions was Geocities, a web hosting service that allowed users to create their own websites. Geocities offered personalized web pages, which attracted a large user base and contributed to Yahoo’s growth.
Another significant acquisition by Yahoo was Broadcast.com, a platform that specialized in streaming audio and video content over the internet. This acquisition positioned Yahoo as a leading provider of online media and helped shape the future of digital entertainment.
Table: Yahoo’s Notable Acquisitions
Year | Acquisition |
---|---|
1999 | Geocities |
1999 | Broadcast.com |
2003 | Overture |
2005 | Flickr |
2013 | Tumblr |
These acquisitions allowed Yahoo to diversify its offerings and expand its influence in different areas of the internet. However, as the digital landscape evolved, Yahoo faced challenges and underwent various transformations, including changes in leadership and ownership. These developments would shape the future of the company and set the stage for its subsequent chapters.
Yahoo’s Ownership and Recent Developments
In 2017, Yahoo underwent a significant change in ownership when Verizon Communications acquired its core Internet business for a whopping $4.83 billion. This acquisition marked a pivotal moment for Yahoo, as it transitioned into becoming a subsidiary of Verizon Communications, a global telecommunications conglomerate.
Following the acquisition, Marissa Mayer, the CEO at the time, stepped down from her position, leading to a rebranding of the company as Oath Inc. However, later on, it was renamed Verizon Media, reflecting its integration with the larger Verizon family.
Verizon Communications, a prominent player in the telecommunications industry, now oversees Yahoo’s operations, leveraging its vast resources and expertise to drive the company forward. Under Verizon’s ownership, Yahoo has access to a wealth of opportunities for growth and innovation, allowing it to remain relevant in an ever-evolving digital landscape.
The Involvement of Apollo Global Management
While Verizon Communications is the primary owner of Yahoo, it is worth noting that Apollo Global Management also plays a role in the company’s ownership structure. In 2021, Apollo acquired a 90% stake in Yahoo from Verizon, further solidifying its presence in the tech industry.
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With Apollo’s investment, Yahoo has the potential to explore new avenues and expand its reach even further. This partnership brings together the combined expertise and resources of two influential entities, positioning Yahoo for continued success and growth.
In conclusion, Yahoo’s acquisition by Verizon Communications and subsequent involvement with Apollo Global Management have ushered in a new era for the company. Under the umbrella of Verizon Media, Yahoo continues to innovate and adapt, ensuring its relevance as a digital powerhouse.
FAQ
What companies does Yahoo own?
Yahoo owns a diverse portfolio of companies in various industries. Some of the subsidiaries and acquisitions owned by Yahoo include [list of companies].
Who founded Yahoo and when?
Yahoo was founded in 1994 by Jerry Yang and David Filo, two Stanford University graduate students.
What was the original name of Yahoo?
Initially, Yahoo started as a web directory called “Jerry and David’s Guide to the World Wide Web.”
Who acquired Yahoo’s core Internet business?
In 2017, Verizon Communications acquired Yahoo’s core Internet business for $4.83 billion.
What happened to Yahoo after the acquisition?
After the acquisition, Yahoo became a subsidiary of Verizon Communications. Marissa Mayer, the CEO at the time, resigned, and the company underwent a rebranding as Oath Inc., later renamed Verizon Media.
Is Yahoo still a search engine or directory?
While Yahoo was known for its search engine and directory in the past, it has evolved into a subsidiary of Verizon Media, focusing on various digital media and advertising services.
Has Yahoo been owned by other companies besides Verizon?
Yahoo has had different ownership and acquisitions throughout its history. In addition to Verizon Communications, other notable ownership includes Apollo Global Management, which acquired a majority stake in Yahoo in 2021.
What are some of Yahoo’s notable acquisitions besides its core Internet business?
Some notable acquisitions made by Yahoo include Geocities, an early web hosting service, and Broadcast.com, a streaming media company.
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