Verizon!–Yahoo! takeover! inches! ahead!

The 1990s called and want their cool brands back

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 possible takeover target in December 2015. CFO Fran Shammo talked about the Purple Palace in terms of spectrum without identifying which spectrum he had in mind.

Apparently “the nostalgia disorder spectrum” is in the mix, if Yahoo!'s white knight's job is to deliver an AOL floppy disk.

Last week, Yahoo! announced that dealing with its 2015/16 US$4 billion loss will involve farewelling 15 per cent of its staff, and closing offices in Dubai, Mexico City, Buenos Aires, Madrid and Milan.

Mayer reckons Tumblr, mail and search are the kinds of products that will lift Jerry and David's Guide to the World Wide Web back to its former greatness.

It's not entirely insane, though. As Bloomberg notes, the billion worldwide users Yahoo! claims would be a much better target market for Verizon's planned go90 streaming service than AOL's paltry two million.

Bloomberg adds that as Google alumni, Mayer and Armstrong have known each other “for years”. Mwah, Darling! ®

Similar topics

Broader topics

Other stories you might like

  • Verizon: Ransomware sees biggest jump in five years
    We're only here for DBIRs

    The cybersecurity landscape continues to expand and evolve rapidly, fueled in large part by the cat-and-mouse game between miscreants trying to get into corporate IT environments and those hired by enterprises and security vendors to keep them out.

    Despite all that, Verizon's annual security breach report is again showing that there are constants in the field, including that ransomware continues to be a fast-growing threat and that the "human element" still plays a central role in most security breaches, whether it's through social engineering, bad decisions, or similar.

    According to the US carrier's 2022 Data Breach Investigations Report (DBIR) released this week [PDF], ransomware accounted for 25 percent of the observed security incidents that occurred between November 1, 2020, and October 31, 2021, and was present in 70 percent of all malware infections. Ransomware outbreaks increased 13 percent year-over-year, a larger increase than the previous five years combined.

    Continue reading
  • Yahoo Japan strives for universal passwordless authentication
    30! million! users! already! moved! to! TXT! and/or! FIDO! Attacks! and! support! requests! both! down!

    Yahoo Japan has revealed that it plans to go passwordless, and that 30 million of its 50 million monthly active users have already stopped using passwords in favor of a combination of FIDO and TXT messages.

    A case study penned by staff from Yahoo Japan and Google's developer team, explains that the company started work on passwordless initiatives in 2015 but now plans to go all-in because half of its users employ the same password on six or more sites.

    The web giant also sees phishing as a significant threat, and has found that a third of customer inquiries relate to lost credentials.

    Continue reading
  • US appeals court ruling could 'eliminate internet privacy'
    Tech terms of service dissolve Fourth Amendment rights, EFF warns

    The US Ninth Circuit Court of Appeals on Wednesday affirmed the 2019 conviction and sentencing of Carsten Igor Rosenow for sexually exploiting children in the Philippines – and, in the process, the court may have blown a huge hole in internet privacy law.

    The court appears to have given US government agents its blessing to copy anyone's internet account data without reasonable suspicion of wrongdoing – despite the Fourth Amendment's protection against unreasonable searches and seizures. UC Berkeley School of Law professor Orin Kerr noted the decision with dismay.

    "Holy crap: Although it was barely mentioned in the briefing, the CA9 just held in a single sentence, in a precedential opinion, that internet content preservation isn't a seizure," he wrote in a Twitter post. "And TOS [Terms of Service] eliminate all internet privacy."

    Continue reading

Biting the hand that feeds IT © 1998–2022