Articles about marissa mayer

Photo by Christoph Dernbach

Marissa! Mayer! out! as! Yahoo!-Verizon! closes!

Marissa Mayer has officially resigned from Yahoo!, as Verizon's $4.8bn (£3.77bn) gobble of the company closed today. Damage done to the company's value by successful cyber-attacks in 2016 resulted in $350m being cut off the price. The closure of the transaction means Yahoo! as a legal entity is no more. The merged AOL-Yahoo! …
Kat Hall, 13 Jun 2017
Marissa Mayer

Yahoo!'s Marissa! will! eject! with! $186m!.. $185m!.. $184m!..

When Yahoo! boss Marissa Mayer leaves the merged Verizon-AOL-Yahoo! behemoth, as is expected soon, she'll walk away with stocks and cash today worth $186m. In paperwork submitted to America's financial watchdog on Monday, Yahoo! revealed that its CEO, who presided over its plunge into obscurity, owns 4,492,286 shares of stock …
Shaun Nichols, 25 Apr 2017
Marissa Mayer photo via Shutterstock

Marissa! Mayer! out! as! CEO! of! Yahoo! corpse! post-Verizon! gobble!

Marissa Mayer won't lead the remains of her beleaguered Yahoo! once telco giant Verizon gobbles up its core assets, it was announced Monday. Verizon is in the process of acquiring Yahoo!'s star components, such as Y! Mail and Y! Finance, a move that will leave behind a shell biz called Altaba. Today it was confirmed Mayer will …
Kat Hall, 13 Mar 2017

Is! Yahoo! dead?! Why! web! biz! will! rename! to! Altaba! – the! truth!

Marissa Mayer, the CEO of perennial drain-circler Yahoo!, will step down from its board of directors, along with five other members, after Verizon finishes gobbling up most of the internet portal. And once the acquisition is over, the remaining carcass of Yahoo! will change its name to Altaba Inc. In an SEC filing today, …
Iain Thomson, 10 Jan 2017
Photo by Christoph Dernbach

Yahoo! hides! from! financial! analysts! amid! email! hacking!, privacy! storm!

Yahoo! had little to say on its looming tie-up with Verizon, as the Purple Palace turned in quarterly numbers that managed to beat analyst expectations. Speaking only briefly on the recent comments from Verizon about adjusting the $4.8bn acquisition deal in the wake of security and privacy problems, Yahoo! CEO Marissa Mayer …
Shaun Nichols, 18 Oct 2016
A burning dumpster

Dying! Yahoo! writes! off! half! of! the! $1bn! it! paid! for! Tumblr!

Yahoo! fell short of already-low expectations as the shriveling internet icon continues to limp towards its impending sale. CEO Marissa Mayer had no update on the Purple Palace's quest for a buyer, but said the company was still working on the sale of its core business. "In addition to our efforts to improve the operating …
Shaun Nichols, 19 Jul 2016
Yahoo! branded bus

Sky! Blue!, Oceans! Wet!, Yahoo! Overvalued!

Yahoo!'s planned sell-off of its core business may not end up bringing the cash return investors had hoped for. Citing sources familiar with the matter, The Wall Street Journal reports that Jerry and David's Guide to the World Wide Web is receiving bids of around $2-3bn on its core business, significantly less than the $4-8bn …
Shaun Nichols, 20 May 2016

Yahoo! shows! off! for! suitors! by! diving! into! red! ink!

Yahoo! seems resigned to its fate, and says it is "pleased" with taking a $98m loss on the quarter. The Purple Palace on Tuesday recorded yet another drop in revenues and acknowledged it was making "significant progress" towards the sale of its core business. For the Q1 2016 period, ended March 31: Revenue was $1.09bn, down …
Shaun Nichols, 19 Apr 2016

Yahoo! Starts! Sale! Process! To! Fend! Off! Starboard!

Yahoo! has been accused of getting serious about the contentious slow-motion train wreck that is its sale process. The Wall Street Journal reckons the recent threat by activist investor Starboard to sack the board of directors has had its intended effect. The Purple Palace has now set a bid deadline of April 11, for …

Yahoo! axes! websites! you've! never! heard! of! and! lays! off! staff!

Yahoo! has eliminated seven of its digital publications as the sputtering web giant continues to cut costs. The Purple Palace confirmed on Wednesday that it was eliminating the Yahoo! Food, Health, Parenting, Makers, Travel, Auto, and Real Estate cyber-magazines. With the cuts comes the loss of a number of jobs including, …
Shaun Nichols, 17 Feb 2016

Verizon!–Yahoo! takeover! inches! ahead!

Verizon has decided its Yahoo! strategy is important enough to occupy the attention of the CEO of its AOL business unit. Accordingly, Tim Armstrong has been set the task of ringing Marissa Mayer's doorbell, chocolates, flowers and a huge bag of money in hand. Verizon had already (somewhat inexplicably) identified Yahoo! as a …

I can turn Yahoo! around claims hedge fund manager

An "activist investor" has sent a 99-page hate letter to Yahoo! CEO Marissa Mayer arguing for her ousting and outlining a range of changes that would boost the troubled company's share price by $30 a share. Despite five CEOs over ten years having tried and failed to turn the one-time online giant Yahoo! around, the head of New …
Kieren McCarthy, 14 Dec 2015
Shop bargain sign

Who! would! want! Yahoo!? How! about! Verizon!?

With Yahoo! continuing to mull a possible sell-off of its core search business, Verizon has emerged as a possible buyer. Speaking at a conference in New York, Verizon chief financial officer Fran Shammo suggested his company might be interested in taking over some of the beleaguered Purple Palace's assets in the event Yahoo! …
Shaun Nichols, 7 Dec 2015

Yahoo! boss! Mayer! promises! shake-up! in! bid! to! save! her! job!

The latest effort to turn around internet stalwart Yahoo! appears to have stalled again with a disappointing earnings report. Shares dropped 2 per cent on the news that the company had missed its third-quarter targets with 15 cents a share in income and $1.23bn in revenue. The markets were expecting 17 cents and $1.26bn. …
Kieren McCarthy, 20 Oct 2015

Yahoo!: Who! cares! what! US! taxman! thinks!, we'll! spinoff! Alibaba! anyway!

Yahoo! says it's going to press ahead with its plan to spin off its multibillion-dollar stake in Chinese e-commerce firm Alibaba, despite failing to receive a favorable ruling from the US Internal Revenue Service. CEO Marissa Mayer first announced the plan, which would see Yahoo! transfer its 384 million Alibaba shares to a …
Neil McAllister, 29 Sep 2015
Stanley Kubrick's The Shining

Yahoo! reverses! reversal! FLIPS! profit! into! loss!

Yahoo! has reported a $22m loss for its second quarter, as CEO Marissa Mayer tries to buy market share off Google and Facebook. For the same period last year, the ad business booked a $270m profit, so the quarter represents a slump of nearly $300m. The loss, which Reuters briefly described as a “lower-than-expected profit” …

Yahoo! chief! Marissa! Mayer! stings! Bing! in! ad! bling! fling! win!

Yahoo! is rubbing its hands at the thought of juicing more ad revenue from people using its Bing-powered search engine – after tweaking its 10-year deal with Microsoft. Back in 2009, Yahoo! agreed to use Microsoft's Bing for its web search, allowing the Redmond giant to place ads on results pages. Under the terms of the a …
Kieren McCarthy, 16 Apr 2015
Yahoo!'s Q4 2014 earnings conference call

Yahoo's! Mayer!: We'll! spin! off! $40bn! Alibaba! stake! and! pay! ZERO! tax! on! it! Ha!

Yahoo! has announced plans to sell off all of its remaining stake in Chinese online giant Alibaba, even as its latest earnings report shows a company struggling to pull in revenue on its own. The Purple Palace said on Tuesday that it will spin off all of its remaining holdings in Alibaba – some 384 million shares worth an …
Neil McAllister, 28 Jan 2015

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