For a long time, Yahoo’s fortunes have dwindled, with lots of wondering what will become of the 90s Internet giant. Now, it’s official: the company is being sold to Verizon for $4.8 billion. Yahoo plans to sell Verizon most of its famous assets, such as its web services (finances, a web portal, etc.), Flickr, Tumblr, and even the company’s name/logo.
Comcast isn’t the only giant-sized cable company to buy up other companies. This week, the FCC finally granted its approval of a $79 billion merger between Charter Communications and Time Warner Cable. The newly-merged company will become the second-largest cable company in the country, after Comcast. Along with Time Warner Cable, Charter is also purchasing … Read moreMerger between Charter and Time Warner Cable approved
As of Thursday morning, it’s been made official: Comcast will buy DreamWorks Animation for $3.8 billion. This will be a very big deal for both companies involved, as well as the animation media landscape. For DreamWorks, it’ll mean more breathing room to turn its movie efforts around, plus the support of a large media conglomerate behind … Read moreComcast to buy DreamWorks Animation for $3.8 billion
Cable company Charter has announced they’ll be buying Time Warner Cable for what amounts to a $78.7 billion deal. Charter also plans to buy smaller cable company Bright House Networks in a separate $10.4 billion deal. More details in this The Verge article. While Charter’s the fourth largest cable company in the US, it’ll affirm … Read moreCharter to buy Time Warner Cable in a $78.7 billion deal
News came today that mobile service giant Verizon will be buying one-time online giant AOL for $4.4 billion. Apparently, the company’s interested in AOL as part of shoring up its mobile and video advertising services. What’s less specific is what’ll happen to the various online sites that AOL owns, most prominently the Huffington Post. There’s talk … Read moreVerizon to buy AOL for $4.4 billion
While there’d been discussion brewing for awhile, as of Friday, it was made official: Comcast and Time Warner Cable aren’t going through with their merger after all. The reason? Too much federal scrutiny into the whole deal. Specifically, the Justice Department and the FCC indicated they were already questioning the whole deal’s premise on competitive … Read moreIt’s official: Comcast and Time Warner Cable aren’t merging