Latest in Yahoo

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…

Google plans on offering a new security program that will offer high-profile executives an upgrade from the standard protections on Gmail and Google Drive. The new service, called the Advanced Protection Program, will use physical USB security keys that add protection beyond two-part email authentication. It will also…

Ending months of speculation, reports of the end of Katie Couric’s  contractual relationship with Yahoo are now accurate. Couric’s future, or not, at Yahoo has been the subject of speculation for some time, and became a sentence or two in some reports a year ago that the former Internet behemoth was selling to Verizon…

Verizon warned investors, in an SEC filing today, to expect a $500 million bump in expenses in Q2 tied to this week’s $4.48 billion acquisition of Yahoo’s assets. The charge is for “severance, acquisition and integration related expenses,” the company says. Yesterday the telco kicked off its planned layoff of 2,100…

Yahoo has yodeled into the sunset: Verizon says today that it closed its  $4.48 billion acquisition of the internet company’s operating businesses, and that Yahoo CEO Marissa Mayer has left. Yahoo’s assets have been blended with the telco’s AOL to forge a media subsidiary it calls Oath. It includes HuffPost, Yahoo…

Yahoo says the $4.48 billion sale of its media assets to Verizon should close on June 13 after shareholders today approved the transaction. The preliminary tally from the special meeting also showed that investors endorsed, in an advisory vote, the golden parachutes for Yahoo’s top executives. CEO Marissa Mayer’s…

Megan Liberman, who has been editor-in-chief at Yahoo News since September 2013, is set to leave the company after its merger with Verizon is completed. The newswoman announced her plans in an email to staff today. “For now, I just want to say thank you,” Liberman said in the email, which was provided to CNNMoney. “It…