Yahoo Inc. (2017–present)
Yahoo! Inc. headquarters, 770 Broadway, New York City | |
| Formerly |
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|---|---|
| Company type | Subsidiary |
| Industry | |
| Predecessors | |
| Founded |
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| Headquarters | New York City, New York, US |
Area served | Worldwide |
Key people | Jim Lanzone (CEO) |
| Brands | |
| Services | |
| Owners |
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Number of employees | 14,000 (2017) |
| Subsidiaries | Flurry |
| ASN | |
| Website | www |
| Footnotes / references | |
Yahoo Inc. (sometimes stylized as Yahoo! Inc.) is an American multinational technology company that focuses on media and online business. Its major products include Yahoo, Yahoo Mail, Yahoo News, Yahoo Finance, Yahoo Sports, Yahoo Native, and Engadget.
After acquiring the company in 2017 for $4.48 billion, Verizon folded the company into a subsidiary called Oath Inc. In December 2018, Verizon announced it would write-down the combined value of its purchases of AOL and Yahoo by $4.6 billion, roughly half; the company was renamed Verizon Media the following month in January 2019.
In September 2021, funds managed by Apollo Global Management acquired 90% of the company for roughly $5 billion; Verizon retained a 10% stake in the company.
Yahoo Inc. was formed on February 8, 2006 as part of a corporate restructure. It is organized in Delaware and is headquartered in Manhattan, New York.
Jim Lanzone became CEO of Yahoo in 2021.