Verizon Communications on Monday announced that it plans to purchase Yahoo’s Web assets for a sum of $4.83 billion in cash. That’s a heck of a fall from grace for Yahoo as it once had a market cap of $125 billion. Some notes:
- The deal is expected to close in early 2017
- Yahoo CEO Marissa Mayer, who was expected to leave one way or the other. Though she personally expects to remain with the company. Good luck with that Marissa .
- The deal boosts adds to the fact that Verizon owns what’s left of AOL (Remember them?) by giving it access to Yahoo’s advertising technology tools, as well as other assets such as search, mail, messenger and real estate.
- Yahoo as a separate company is basically no more as it leaves it only as the owner of a 35.5 percent stake in Yahoo Japan, as well as its 15 percent interest in Chinese e-commerce company Alibaba.
I have to admit that I’ve been around long enough to remember when Yahoo was a really big deal. Now it’s being sold for pennies on the dollar. That’s pretty sad. I also wonder what Verizon sees in what’s left of Yahoo. But I’m a computer nerd and not an MBA, so I’ll leave it to the MBA types to comment on this part as I am guessing that the ones that work for Verizon see something in these assets that the rest of us don’t.
Yahoo Gets Pwned – 500 Million Accounts Leaked
Posted in Commentary with tags Hacked, Yahoo on September 22, 2016 by itnerdYahoo confirmed that “at least” 500 million Yahoo accounts were compromised in an hack in late 2014.
For the record, we are in 2016 which means that Yahoo either kept this quiet or were asleep at the switch.
The data that was leaked included customer information like names, email addresses, telephone numbers, birthdates, hashed passwords, and both encrypted and unencrypted security questions and answers. Yahoo will notify all affected users and is asking them to change their passwords immediately if passwords have not been changed since 2014. All compromised security questions and answers have also been invalidated. Yahoo said it was investigating a data breach earlier this summer after hackers started selling account access online. I guess that if they were hiding this, this forced them to go public. If they weren’t hiding it, I guess this got their attention.
This is an #EpicFail on the part of Yahoo. And I do mean #EpicFail. A breach like this should never ever happen. I hope that Verizon walks away from their deal with Yahoo as if I were the head honchos at Verizon, I would not want to go anywhere near this mess.
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