Verizon Sells AOL and Yahoo to Apollo for $5B

Post by JohnJamesRambo » Tue, May 04, 2021, 2:22 AM UTC

gnicholas wrote: post #265

perardi wrote: post #9

From the article: …“it agreed to sell Yahoo and AOL to the private equity firm Apollo Global Management for $5 billion.” They apparently paid $4.4 billion for AOL, and Yahoo they got for $4.48 billion. I have to say: only losing $5 billion while handling the decaying corpses of AOL and Yahoo is, weirdly, kind of a triumph. These are cursed properties, and bring only despair. Though I’m surprised they didn’t try to ke…

That reminds me of the movie Frequency, in which the characters can use a ham radio to talk across time. A person from the future gives a cryptic hint to the person in the past by telling him to pay attention to "yahoo". In the ending scene of the movie, the younger man's fancy car bears a license plate with that name. It's funny to think that Yahoo was once thought of as an amazing stock tip to give someone. The mov…

Post by fuzquat » Tue, May 04, 2021, 2:26 AM UTC

jjeaff wrote: post #328

mumblemumble wrote: post #294

Earlier quoted context omitted.

I doubt that you can make that as a blanket statement, either. There are probably plenty of conservative investors who do include some cryptos as part of a well-balanced asset allocation. It is, after all, starting to make plenty of inroads into the mainstream financial industry. What you don't see much of is conservative investors who are super hot on crypto. Not necessarily because of anything about crypto, per se,…

Yes, one must also include some powerball tickets and horse racing bets for a truly well balanced portfolio.

Post by andrewprock » Tue, May 04, 2021, 2:45 AM UTC

TaupeRanger wrote: post #299

ErikVandeWater wrote: post #284

Earlier quoted context omitted.

I would say 95% of investors don't understand crypto, whether they have high or low risk tolerance. But high risk tolerance investors are more likely to invest in something that has momentum without understanding the fundamentals. Betting with the momentum is often a good strategy.

Tell that to investors in Fitbit or Palantir (for example) before they sold off after having good "momentum". Crypto investors don't even understand crypto, but that doesn't mean anything, because you can be left holding a long term bag whether you understand the underlying asset or not.

Post by philistine » Tue, May 04, 2021, 3:03 AM UTC

evanelias wrote: post #118

soco wrote: post #30

They definitely squeezed a better deal than with the sale of Tumblr last year (which went for 3 mere millions)

I suspect the true total cost was a fair bit higher due to a hosting arrangement. I'd imagine Tumblr remained on Yahoo bare metal servers for quite some time after the sale. If so, Automattic would have had to pay a significant monthly fee for this, given Tumblr's large infrastructure footprint. That arrangement would have been quite appealing for Verizon, since by this time there was likely a surplus of aging bare m…

Post by daveevad » Tue, May 04, 2021, 3:21 AM UTC

spamalot159 wrote: post #2

Why would Verizon want to keep a minority stake in Yahoo? Seems useless to me.