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Verizon enlists Aol Ceo to explore Yahoo deal: Bloomberg
2016-02-08 22:15:20| Telecom - Topix.net
Verizon Communications Inc has given Tim Armstrong, chief executive officer of its AOL unit, a leading role in exploring a possible bid for Yahoo Inc's assets, Bloomberg reported, citing a person with knowledge of the situation. Verizon, the largest U.S. wireless carrier, hasn't hired bankers to conduct an offer and there have been no formal talks, according to the report.
Verizon zero-rates Go90, confirms Yahoo interest
2016-02-08 01:00:00| Total Telecom industry news
U.S. telco claims mobile video app does not violate net neutrality because it uses its own sponsored data service.
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Yahoo Signals It's Open to Sale in What May Be Final Flip-Flop
2016-02-03 08:43:20| Telecom - Topix.net
Yahoo! Inc.Chief Executive Officer Marissa Mayer'slatest flip-flop may be her last. Mayer long argued that with the right amount of adjustments -- product improvements here, cost cuts or acquisitions there -- she could put the company back on a path to growth.
Yahoo confirms restructuring plans after Q4 loss
2016-02-03 08:35:00| Telecompaper Headlines
(Telecompaper) Yahoo! announced plans to narrow its focus and work to improve its revenues and profitability, after reporting a net loss for the last quarter of 2015. In 2016, the company will prioritize growing engagement with its user base and simplify its product portfolio to emphasize those products that distinguish the company competitively and drive the most substantial portion of users and revenue. Yahoo will continue to invest in its Mavens strategy (mobile, video, native and social) to grow sales from these areas to USD 1.8 billion this year from USD 1.6 billion in 2016. On the cost side, the company targets reductions in operating expenses of over USD 400 million by the end of 2016. This will include cutting its workforce by roughly 15 percent and closing offices in Dubai, Mexico City, Buenos Aires, Madrid and Milan. The impact on revenue from the product simiplification and office closures is expected to be limited to USD 100 million, while the cost cuts are expected to push EBITDA to an annual run rate of USD 1 billion by the second half of 2016, compared to USD 952 million in 2015. Yahoo! will also look at selling non-strategic assets, which could generate over USD 1 billion in cash, the company said.
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Yahoo Signals It's Open to Sale in What May Be Final Flip-Flop
2016-02-03 06:34:31| IT Services - Topix.net
Yahoo! Inc.Chief Executive Officer Marissa Mayer'slatest flip-flop may be her last. Mayer long argued that with the right amount of adjustments -- product improvements here, cost cuts or acquisitions there -- she could put the company back on a path to growth.
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