US telecoms giant Verizon Communications is to buy Yahoo’s search and advertising operations for $5bn (£3.8bn), according to media reports.
The two firms were reported on Friday to be in exclusive talks over a possible deal.
US internet firm Yahoo announced in February that it was looking at “strategic alternatives” for its core internet business.
Verizon declined to comment on the reports.
A formal announcement is expected on Monday before US markets open for trading.
Over the last few years Yahoo has struggled to keep up with the changing internet advertising landscape, with some analysts arguing that it has failed to remain relevant in many of its core markets.
Chief executive Marissa Mayer, who took the helm in 2012, has made little progress in returning the company to profit.
Last week the firm reported a $440m loss in the second quarter, but said the board had made “great progress on strategic alternatives”.
The reported price tag for the deal is well below the firm’s $125bn market value at the height of the dot.com boom.
But BGC analyst Colin Gillis wrote recently: “We expect any offer in the range of $5-plus billion should be accepted by the Yahoo board to bring the process to a close.”
The US telecoms giant is expected to merge Yahoo with AOL, to create a digital group capable of taking on the likes of Google and Facebook.
Verizon bought AOL – another faded internet star -in a $4.4bn deal last year, which gave it ownership of the Huffington Post, Techcrunch, Engadget and other news sites.
Shortly afterwards, Verizon announced it would start combining data about its mobile network subscribers – which is tied to their handsets – with the tracking information already gathered by AOL’s sites.
By doing so it said it could deliver more “personalised” ads.
A host of other firms were reported to be interested in buying Yahoo’s core internet assets including AT&T, a consortium backed by legendary investor, Warren Buffet and the owner of the Daily Mail .
In April, the firm shortlisted about 10 potential buyers.
Image copyright Justin Sullivan
iTunes is going to be shut down officially
After almost two decades of service, Apple is reportedly dumping iTunes.
It first started off as rumors, but now it is going to be made official at WWDC in just a few hours.
Before this, you might have noticed that the Instagram and Facebook page of iTunes has had a slight change.
Posts on both pages has been entirely deleted – Apple’s move at shifting away from iTunes links, I guess.
Before this, there has been separate apps for music on its mobile devices, however, not available for Mac OS.
Relating to that, there is supposedly going to be an announcement for three separate apps for its music, TV and podcasts, and hopefully they’ll also be available for Mac Books.
We’ll just keep our fingers crossed for this and other big announcements at WWDC.
Google Stadia – The Future Of Gaming Or Not ? – Reader Opinion
A few weeks ago, Google announced the release of Google Stadia a new state of the art gaming platform that would change gaming as we know it apparently.
This has been met with a lot of skepticism in the gaming community if this is going to actually work but I believe Stadia has what it takes to change the whole console gaming model that we have been used to for years, However, it would take some time to actually give Microsoft and Sony a run for their money.
Google Stadia actually got me thinking Sony’s Playstation and Microsoft’s Xbox would have a strong problem to contend with when it fully launches this year. Google Stadia’s cross-platform play is something I’m looking forward to, so you can play hardware intensive games on a system or phone with low specs.
Imagine playing PUBG or FIFA on a 1GB RAM Phone or Laptop and it runs without any lagging or glitches. So it’s practically goodbye to having to get a new system to play some games if they are available on Stadia.
I decided to put out this question to you guys on facebook and I was pretty impressed with the replies I got.
Google Stadia Reader Opinion
Apeh Ikechukwu said – Even if it will be the beginning of the end for PlayStation 4 and Xbox, it will take time… A very long time for it to gain popularity and to be accepted by all.
What if it becomes more expensive? That you have to pay huge to access it?
George Oz said – I don’t think to gain popularity is a problem, the announcement alone gathered enough publicity online. And yes it is definitely the end for others Like x-Box and co…Sometimes let’s learn to think Outside the Box.
Osazeme Usen said – Stadia will take quite a long while to catch on. Internet speed is still an issue in most nations of the world. In the long run, stadia will eventually be cheaper than owning a console and purchasing games but that’s not going to happen anytime soon.
Olusola Glory Olamide said – Before we throw those Xboxes, PlayStations, Nintendo Switches and stuffs to the bin of history we have questions to answer.
Will most gamers’ broadband connections be fast enough to make a streaming service of that proposition? Will developers all come on board? And is Google the right company to trust with the future of the games industry? Though we’ve got Apple on board and Facebook, Microsoft, Amazon are also in the launch plus Sony Nintendo and others won’t stay put.
ューセッ州 小岩 マサチ said – I feel we will have to pay for most of the games…and Nigeria’s 4g speed is about 2mb/s.
Samuel Jarvis Adeyemi said -Stadia is a good innovation from Google and I think it’s great since gaming could be done on a device, they said it would be super fast even cheating the speed of light in 4k Res without a glitch.
Anyways Google is the software boss, I think they can do it.
I hope Xbox and PS4 meet up but cloud gaming is not really their stuff. And Google has the resources.
Swiss Alex said – well mainly I would say Google Stadia is a welcome development but Xbox and the ps4 has to upgrade too
Google Stadia Reader Opinion – Join The Conversation
Google Stadia looks like something that would work very well in countries with very fast broadband connections for now. Hopefully, Google would find a way to bridge the gap and fix things before it gets rolled out to Africa and Asia. Nevertheless, it’s a win for gamers with this. So what’s your take on this?
The comment box is yours, let me know what you think