Category: Yahoo!

Yahoo Discloses Breach Affects 32 Million Users

Yahoo! disclosed the breach of the company expanded to 32 million user accounts which hackers accessed by using forged cookies after their revelation of 1.5 billion users were compromised. Yahoo! disclosed on Thursday the breach of the company expanded to 32 million user accounts which hackers accessed by using forged cookies after their revelation that 1.5 billion users were compromised in 2013 and 2014.

How Starboard Hopes to Extract Value From Tribune

The fund recently disclosed a stake in the broadcaster, an investment suggesting a campaign pushing for stock buybacks, asset sales or an auction of the whole company could be next. Starboard Value ‘s Jeff Smith recently disclosed a 6.6% stake in Tribune Media , one of the fund’s largest positions and an investment that suggests an activist campaign pushing for stock buybacks, asset sales or even an auction of the whole company could be next.

Starboard’s Smith Launches Activist Campaign at Tribune Media

The insurgent investor reported a 6.6% stake and said he may make recommendations to the company involving board structure and “potential business combinations.” Tribune Media’s share price spiked in late trading Tuesday after activist investor Starboard Value’s Jeff Smith suggested that he may make recommendations to the company involving board structure, capitalization and “potential business combinations.”

Verizon Revises Deal With Yahoo!, Sale to Go Forward

Yahoo! shares were climbing slightly premarket following a Wall Street Journal report that Verizon agreed to go forward with its acquisition of the Internet company, though Verizon will cut as much as $350 million off of its original $4.83 billion offer. The revised offer comes after Yahoo! warned of two data breaches last year that potentially affected more than 1 billion user accounts.

Yahoo Says Sale to Verizon Delayed Until Second Quarter

Yahoo! Inc. said the sale of its main web operations to Verizon Communications Inc. has been delayed until next quarter to meet closing conditions while the company recovers from the disclosure of massive hacks to its user accounts. The company said Monday it’s “working expeditiously” to finish the deal as soon as practical.

Yahoo Shares Rise After Company Beats Earnings, Sales Expectations

Shares of Yahoo Inc. rose nearly 2% late Monday after the internet company reported fourth-quarter adjusted earnings and sales above expectations. Yahoo also said the sale of its core business to Verizon is now expected to close in the second quarter instead of in the first quarter “given work required to meet closing conditions,” it said in a statement.

Yahoo Plans to Shrink Board, Change Name After Verizon Deal

Yahoo! Inc. Chief Executive Officer Marissa Mayer is among six directors who plan to leave the board of the investment company that will be left after the closing of the proposed sale of Yahoo’s main internet properties to Verizon Communications Inc. The new company, a shareholder in Alibaba Group Holding Inc. and Yahoo! Japan, will change its name to Altaba Inc. and reduce its board to five members as it looks ahead to its next chapter with fewer ties to the iconic brand, according to a filing Monday. Yahoo agreed to sell its web properties to Verizon in a deal valued at about $4.8 billion, though questions have come up after Yahoo revealed two separate hacks of user data.

Yahoo Leftovers Will Be Called Altaba, Mayer Will Not Be On Board

Yahoo Inc. disclosed Monday afternoon that the entity that remains after its merger with Verizon Inc. will be called “Altaba,” and current Chief Executive Marissa Mayer will not be on the board. In a filing with the Securities and Exchange Commission , Yahoo said that the new company — which consists of Yahoo’s remaining investment in Alibaba Group Holding Ltd. and Yahoo Japan, as well as cash and a few other assets — will only need five board members, and Mayer as well as Yahoo cofounder David Filo will not be among them.

Yahoo deletes tweet that included racial slur

Yahoo Finance says it accidentally tweeted out a racial epithet when promoting a story about the cost of President-elect Donald Trump’s plans to increase the size of the U.S. Navy. The headline for the story on Yahoo Finance is, “Trump Wants a Much Bigger Navy: Here’s How Much It’ll Cost.”