Latest in Yahoo

Yahoo Inc. said Tuesday it’s pulling out of China, citing an increasingly challenging business and legal environment as the latest foreign company to be caught up in Beijing's tougher stance on businesses operating there. Yahoo stopped offering its service in mainland China as of Nov. 1, a month after LinkedIn did the…

Yahoo Friday named Jim Lanzone, a veteran tech and media executive, CEO of Tinder and former head of CBS Interactive, as its new chief executive effective September 27. He succeeds Guru Gowrappan, who becomes senior advisor to the private equity business of Apollo Global Management, which acquired Yahoo and other media…

Verizon said Monday that it’s clinched a deal to sell its media assets to Apollo Global Management and related entities for $5 billion. Verizon will retain a 10% stake in the company, which will be known as Yahoo at close of the transaction and continue to be led by CEO Guru Gowrappan. Verizon Media brands are led by…

Verizon is exploring a sale of Yahoo and AOL that would end a rocky era for the telco as a media owner after a spate of disappointing acquisitions. A sale could bring $4 billion to $5 billion and giant investment group Apollo Global Management is said to involved, according to a report in the Wall Street Journal. Reps…

The Oracle of Omaha has become a streaming star. Warren Buffett, whose Berkshire Hathaway conglomerate’s moves are closely followed by the investment community, presides over the company’s annual meeting each spring. While every company has a shareholder event, Berkshire’s is something different. With 40,000 fervent…

Yahoo has put the final nail in the coffin for its social media platform Yahoo Groups, announcing on Monday that the 20 year-old service will shut down on Dec. 15, 2020. Yahoo Groups, which was aimed to help users stay connected to their community and friends, has seen a “steady decline in usage over the last several…

Tumblr, once a major force in social media, founded by a 19-year-old and bought by Yahoo for $1.1 billion, has been unloaded by Verizon Media for far less than that to Auttomatic, the parent company of WordPress. The companies did not disclose financial terms but multiple press reports pegged the value at less than…

Verizon’s distressed Oath unit, home to such Web 1.0 media operations as Yahoo, AOL and HuffPost, is bleeding badly enough that the company plans to take a $4.6 billion charge in the fourth quarter. A voluntary separation program that will see 10,400 workers exit by June 2019 are expected to result in a severance…

Tim Armstrong, CEO of Verizon’s internet content unit, Oath, is reportedly negotiating his exit from the company. The Wall Street Journal reported the talks this morning. An Oath rep did not immediately respond to Deadline’s request for comment. A former top ad sales executive at Google, Armstrong became CEO of AOL in…

The venerable Yahoo Messenger is shutting down on July 17, as corporate parent Oath figures out how to offer a product that can compete with WhatsApp, Snapchat, WeChat and a host of other messaging apps. Oath announced Yahoo Messenger’s demise today. “We know we have many loyal fans who have used Yahoo Messenger since…

Verizon and the NBA have set an expanded, multi-year partnership that will allow U.S. fans to buy and stream live, out-of-market games via NBA League Pass on Yahoo Sports and other Verizon media platforms. Like Verizon’s recent NFL deal, the pact disrupts the long-established distribution pattern for a major sports…

The 2013 cyberattack on Yahoo was bad enough at the time, with the company saying that one-third of its users were affected. The result, as with the mounting number of such incidents: a flurry of panicked users changing passwords, complaining to authorities and regulators or ditching the service altogether. Today the…