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50°

Yahoo to sell back half of its Alibaba stake for $7.1 billion

Engadget - It's been a bit of a sour year for Yahoo -- it's seen the departure of one of its founding fathers, suffered through a patent dispute with Facebook and lost its new CEO in a sea of scandalous accusations. Yikes. At least former head honcho Scott Thompson's negotiations to sell the firm's stake in Alibaba seem to be going through -- the two firms just announced plans to redistribute about half of Yahoo's 40-percent stake in said Chinese tech giant. Under the current agreement, Alibaba will purchase 20-percent of its fully diluted shares back from the Silicon Valley company, netting Yahoo $7.1 billion in compensation. Yahoo will also be permitted to sell an additional 10-percent of its stake in a future IPO, or else require Alibaba to purchase it back at the IPO price.

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engadget.com
60°

Verizon again sold Internet pioneer Yahoo and AOL for $5 billion

Internet pioneers Yahoo and AOL are changing hands yet again as Verizon is selling its Verizon Media branch for about $5 billion

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techacrobat.com
70°

All the wonderfully whack tech we found in March

KnowTechie writes: If you need something to look forward to every month, it's this list of wonderfully whack tech, useful, curious, strange and new.

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knowtechie.com
180°

Verizon signs deal to install bloatware on new Samsung devices

If you're buying a Samsung Galaxy S9 or S9+ from Verizon, expect to see Yahoo-based apps and Bixby news content on your devices in the near future.

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trymodern.com
Speed-Racer2179d ago

I thought we were progressing away from this crap?

SunnyZ2179d ago (Edited 2179d ago )

Only stupid people buy phones on plans anyway, so this is right up their alley.
Buy CLEAN phone crapware-free for $500 now, or pay $3,000 for crapware-filled phone over 2 years...
Hmm hard decisions...

CurbStompin2179d ago ShowReplies(1)
ajax172178d ago

My next phone is definitely going to be a Sony.