EconomyVN - After months of negotiations, US Media Verizon Group officially acquired Yahoo.
Verizon acquired Yahoo for $4.8 billion
After months of negotiations, US Media Verizon Group officially acquired Yahoo, which is a famous multinational technology company including chat services, email, and portal Yahoo search, via a takeover deal costs $4.8 billion. This merger marks the end of a 21-year history of the existence of Yahoo. This process is expected to be completed early next year.
The global M&A value can reduce $1,600 billion if Brexit negotiation delays.
According to the latest report of the law firm Baker & McKenzie, the value of the business mergers and acquisitions (M&A) on a global scale can be reduced to $1.600 billion in the next 5 years, if UK does not soon negotiate the conditions to leave the EU (Brexit). But experts said that the consequences of Brexit will focus on the UK and Europe, will not entail a new financial crisis.
US: Second quarter economic growth lower than forecast
The US Commerce Department said its second quarter GDP was only 1.2%, lower than the experts' forecast of 2.6%. The main reason was that the US enterprise stopped new investments in production. Expenditure on the construction or purchase of equipment of enterprises continued to decline. Many predict that, if the US economy is still sluggish, the Fed will be difficult to raise interest rates this year
Number of flight booking to France fell by more than 15% after the Nice terrorist
The number of travelers booking flights to France in two months fell by 16% after the horrific terrorist attack in Nice on 14th of July. This is the latest survey result issued by ForwardKeys travel company. Particularly, in Nice - the top tourist city, the number of tourists are expected to drop to 20% over the same period last year.
2 days ago, Verizon Telecom Group succeeded in the acquisition of Yahoo for more than $ 4.8 billion, thereby assessing the end of a time-tech empire.
In 2008, Microsoft sent the offer to buy Yahoo for $44.8 billion. But at that time, Yahoo's leadership has refused, thinking that might back the heyday of the company. But 2 days ago, Verizon telecommunications group has officially succeeded in acquiring Yahoo for more than $4.8 billion, the price is only 1/9 as compared with the peak period.
A big question many people are being laid out, for whatever reason a company used to be a time-tech empire, could not brake so downhill? According to several newspapers in the US technology, the end of Yahoo has major responsibility of Marissa Mayer CEO. Since leaving Google to Yahoo, Ms. Marissa has not improved an array of online advertising, search array is not progressing, prompting Wall Street investors to turn away.
Contrary to the view, Tech Crunch papers argue that the failure of the firm does not belong to any individual. Tech Crunch said that "backstabber" of Yahoo is a shift of technology platform, which is specifically the introduction of the iPhone. Instead of having to sit on the new computer to go to Yahoo's Web, and taking hours to download some contents, users can open a hundred pages while just walking down the street and just need a phone.
Marissa Mayer could not save shipwreck Yahoo