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March 1, 2013: Yahoo! announces that it was making some changes to the products it offers, including shutting down some while updating others. On April 1, the Yahoo! Message Boards site closed. The Yahoo! updates API were no longer supported after April 16. March 25, 2013: Yahoo! acquires Summly.
While the yahoo.com domain was created in January 1995, by the end of 1994 Yahoo! had already received one million hits. Yang and Filo realized their website had massive business potential, and on March 2, 1995, Yahoo! was incorporated.
Yahoo!, founded by Jerry Yang and David Filo, launches Yahoo! Directory. It becomes the first popular Web directory. New web search engine: Infoseek is launched. March: New web search engine: The World-Wide Web Worm is released. It is claimed to have been created in September 1993, at which time there did not exist any crawler-based search ...
On April 4, 2012, Yahoo announced 2,000 layoffs, or about 14% of its 14,100 workers by the end of year, expected to save around $375 million annually. In an email sent to employees in April 2012, Thompson reiterated his view that customers should come first at Yahoo. He also completely reorganized the company.
In the end, Yahoo! acquired Four11 for $96 million. The purpose behind acquiring Four11 was the company's RocketMail webmail service, which launched in 1997. Yahoo! announced the acquisition on October 8, 1997, [10] close to the time that Yahoo!
Once the most popular website in the U.S., Yahoo slowly started to decline since the late 2000s, [15] and on February 21, 2017, Verizon Communications announced its intent to acquire old Yahoo's internet business (excluding its stakes in Alibaba Group and Yahoo!
Two months before closing the deal for Yahoo!, Verizon announced it would place Yahoo! and AOL under an umbrella named Oath. The deal closed on June 13, 2017, and Oath was launched. Upon completion of the deal, Yahoo! CEO Marissa Mayer resigned.
On May 3, 2021, Verizon announced it would sell Yahoo and AOL to private equity firm Apollo Global Management for $5 billion. On September 1, 2021, AOL became part of the new Yahoo! Inc .
Altaba Inc. was a non-diversified, closed-end management investment company based in New York City that was formed from the remains of the first incarnation of Yahoo! Inc. after Verizon had acquired old Yahoo's Internet business. Verizon completed its acquisition on June 13, 2017, and put the assets under a new subsidiary named Yahoo!
As of April 2008, the company's largest acquisition is the purchase of Broadcast.com, an Internet radio company, for $5.7 billion, making Broadcast.com co-founder Mark Cuban a billionaire. Most of the companies acquired by Yahoo are based in the United States; 78 of the companies are from the United States, and 15 are based in a foreign country.