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Yahoo employee here... AMA
Before people go all ballistic, please remember that yahoo and AOL make $700 million from Mail and a billion dollars from search. AOL sells huge number of paid dialup based email accounts(for older people though). So the sale price is approximately two years of revenue. Apollo is getting it cheap!
Do they really?
I am not being sarcastic. I cannot find a recent reference to this (everything seems to be from 2015), but given my experience getting my aunt away from AOL email: it seems horribly plausible.
Yahoo employee here... AMA
I still think Yahoo is not worth 5 billion. Sure, it makes some revenue from mail and ads, yahoo mail is essentially the AOL of our generation. Ppl hanging onto it and the new kids dont even know about yahoo.
Earlier quoted context omitted.
I haven't heard of anyone using yahoo for anything except to check ticker prices in years.
A lot of people use it for fantasy sports because... I'm not sure why but they do. Also its impossible to set up email forwarding with them so I have a very old email address I keep active.
Why would Verizon want to keep a minority stake in Yahoo? Seems useless to me.
They definitely squeezed a better deal than with the sale of Tumblr last year (which went for 3 mere millions)
It may sound like a joke or sarcasm but it’s not, and I wouldn’t be entirely surprised if we see this AOL/Yahoo turn into some type of crypto play that can be marketed on the back of the old brands.