Yahoo stockholders approved the previously announced proposed sale to Verizon of the company's operating business, the company said Thursday. Then Yahoo disclosed two large security breaches, one in 2014 that hit more than 500 million accounts and another in 2013 that affected more than one billion accounts.
Yahoo Chief Executive Officer Marissa Mayer agreed to the sale last year after a four-year turnaround effort failed to stem a slide in advertising revenue.
The news of Verizon's acquisition was first announced back in July but the deal is now coming to a close.
Yahoo slashed the price of its core internet business by $350 million. The combined monstrosity will be called "Oath," presumably because Verizon has realized that neither AOL nor Yahoo are particularly well-regarded brands these days.
Mr. Armstrong chose his leadership team several weeks ago, and that group has helped determine where the layoffs will occur, the person said. "Oath's strategy is to lead the global brand space". During an all-company meeting with AOL and Yahoo in May, he was asked by employees what would happen to them.
Citing sources, TechCrunch reports that as many as 2,100 jobs will be lost of the two companies' combined 14,000 employees.
This device is believed to be Apple's answer to the existing smart speakers such as Google Home and Amazon Echo . Amazon started the Echo way back in 2014, and Google began shipping its competitor, Google Home, last year.
The bonds had been in the possession of Venezuela's central bank since they were issued in a private placement in late 2014. If the bonds do not default, Goldman Sachs stands to reap a whopping 40% annual yield, which could quiet its investors.
Royals starting pitcher Jake Junis throws against the Astros on Tuesday at Kauffman Stadium in Kansas City, Mo. Jason Vargas will start game three for the Royals and is 7-3 with a 2.07 ERA and 54 strikeouts this season.
Golden posted a photo with victor the day after Memorial Day in 2016 previous year , calling her "a living hero". Posting under the pseudonym Sara Winners, Ms Winner often criticised Donald Trump on social media.
Freeland said Canada was deeply disappointed by the decision to leave the Paris pact but made no other criticisms of US policy. To say this is not controversial: "it is simply a fact", Freeland said in a speech to parliament.
The court documents describe Moles as a recovering alcoholic and marijuana addict suffering from post-traumatic stress disorder. Bryan Moles was placed on administrative leave from the University of Pittsburgh Medical Center shortly after his arrest.
Some Democrats have called for cancelling Kushner's security clearance which he enjoys as a senior adviser to the president. President Trump tells the New York Times he has "total confidence " in his son-in-law, Jared Kushner .
The research firm IDC says Apple and Xiaomi each has a worldwide market share of almost 15 percent in the first quarter. Apple is introducing a 10.5-inch iPad Pro in an attempt to revive interest in its once hot-selling line of tablets.
The first round is June 15th, the same day as Amanda Mickelson's graduation from Pacific Ridge School in Carlsbad, California . Mickelson said Amanda will be attending Brown University ("She's a smart little s--", he said).
Mets has been around for more than five decades, long popular with Mets fans for his oversized head with baseball seams. Now, the Mets' non-talking mascot is flipping off customers during a blowout loss at home.
Travel ban critics say Trump is hurting his case
Along party lines, Democrats are more likely than Republicans to view the executive order as anti-Muslim. The justice department , meanwhile has found itself in an almighty legal tangle before the courts.
Oklahoma defends softball title with 5-4 win over Florida
They were down a couple of runs in the 12th after a two-run home run off the bat of OU's Fale Aviu in the top half of the inning. Aleshia Ocasio grounded into a fielder's choice and scored on a two-out full-count double to left by Sophia Reynoso.
Putin ridicules US focus on ambassador contacts
He added that IP addresses allegedly belonging to Russian hackers could have been easily rigged and couldn't stand as evidence. Modi said he was asked a similar question in Germany earlier this week, before the USA decision was made public.
Sterling dips after poll suggests hung parliament
Recall that PM May's intention to call for the snap election is to cement her mandate in negotiating the Brexit terms with the EU. The pound had a wobble when it slipped below $1.28 last week and has since struggled to recover lost ground.
Microsoft will give bonuses to the users Bing
First you have to go to Rewards.Microsoft.com and sign up to the programme using your Microsoft ID and password. Microsoft has also set the Bing as the default search engine in its internet browser Microsoft Edge.
Olivia Newton-John is fighting breast cancer again
Chloe - who is based in OR with her fiancé James Driskill - went on to explain her desperate need for privacy at this hard time. Alongside a throwback photo of her and her mum together, Chloe wrote: "I want to thank all of you for your love and support".
Apple begins production of its Siri speaker
Apple's long-rumoured Siri smart speaker is already in production, according to a new report by Mark Gurman at Bloomberg . In addition to generating virtual surround sound, the speakers are purportedly louder and more crisp than rival offerings.