Yahoo! is an American technology company that provides several online services. The company offers a web portal, search engine called Yahoo Search, and other services like My Yahoo!, Yahoo Mail, Yahoo News, Yahoo Finance, Yahoo Sports, and its ad platform called Yahoo! Native.
Who Owns Yahoo?
Yahoo! is currently owned by Apollo Global Management and Verizon. Apollo holds 90% stakes in the company and Verizon holds 10%.
Founded in 1995, the company was independent for most of its existence from 1995 to 2017. In 2017, Verizon Media aquired Yahoo for $4.8 billion.
In September, 2021, Apollo Global Management bought 90% of Yahoo from Verizon Media.
Who founded Yahoo?
Jerry Yang and David Filo founded Yahoo in January 1994, making it one of the early Internet pioneers of the 1990s. But when Facebook and Google gained market share in the late 2000s, usage fell.
Verizon Communications announced the purchase of Yahoo’s core Internet business for $4.83 billion on July 25, 2016.
On May 3, 2021, Verizon revealed that Apollo Global Management will purchase 90% of the division for for $5 billion, and that it would then be known simply as Yahoo. Verizon would continue to own 10% of the new company.