sold: yahoo, for $4.8b
Verizon just bought Yahoo for $4.8 billion after a prolonged sale process, which, according to one analyst, “ends a decade of mismanagement” at the company
THE COMPANY THAT CHANGED THE WORLD Yahoo was started in January 1994 as “Jerry and David’s Guide to the World Wide Web”, in reference to its founders, Jerry Yang and David Filo, then electrical engineering students at Stanford University. In April that year, it was renamed “Yahoo!”, which stood for “Yet Another Hierarchial Officious Oracle”. Starting out as a directory of other websites, the tech startup eventually became known for its: > SEE BUSINESS