International Finance

Tag : Verizon

Fintech

Yahoo reveals world’s biggest data breach

International Finance Desk
Happened in 2014 and at least 500 million users were affected IFM Correspondent September 23, 2016: Yahoo, the California-based tech giant, on Thursday said personal information of at least 500 million users was stolen in an attack on its accounts in 2014. The attacker was a ‘state-sponsored actor’, and stolen information may include names, e-mail...
Fintech

Verizon to buy Yahoo for $4.8 billion

Yahoo to sell its email service, news, sports in addition to its advertising tools IFM Correspondent July 25, 2016: Yahoo’s board has agreed to sell the company’s core internet operations and land holdings to Verizon Communications for $4.8 billion. After the sale, Yahoo shareholders will be left with about $41 billion in investments in the...
Fintech

Bids for Yahoo lower than expectation

FM Correspondent The figures in the ongoing auction process are not going beyond $3 billion May 23, 2016: It is not-so-good news for Yahoo. Bids for the net company may not be as high as it would have hoped for. Verizon, which has been a favourite in the ongoing auction process, is expected to offer...
Fintech

Yahoo not ready to reveal details on bids

Reports first quarter earnings; results in line with analysts’ expectations IFM Correspondent April 20, 2016: Yahoo on Tuesday announced its first quarter earnings which were better than what Wall Street had estimated. The company posted adjusted first quarter earnings per share of 8 cents, compared to 15 cents per share in previous year.  Gross revenue...