Monday, July 25, 2016

In memorian: Yahoo SOLD to Verizon???

Oh really?

In case you don't know the backstory, but only reason Yahoo is seeming itself is that they tried to spin off the $$$ part of the company ( they were a founding investor in the Chinese compant tencent [ now the same size or larger then yahoo!]), but the IRS refused to allow yahoo a tax free spin out to its shareholders.

So,  because they couldn't get rid of the huge financial part of the company, they had to sell the main part of the business. Verizon owns @ol and Yahoo.


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