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Why Sheryl Sandberg Won't Leave Facebook For Uber
Thursday, June 22, 2017 - 11:27am | 490Sheryl Sandberg left her job as vice president of global sales and operations at Google (parent company, Alphabet Inc. (NASDAQ: GOOG) (NASDAQ: GOOGL)) to join Facebook Inc (NASDAQ: FB) and serve as its chief operating officer in 2008. But perhaps more important, her job at Facebook provided the...
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This May Explain Why Verizon Wants To Buy Yahoo's Properties
Monday, July 25, 2016 - 11:53am | 462Verizon Communications Inc. (NYSE: VZ) dished out $4.4 billion last year to acquire AOL, so why is it spending another $4.8 billion to buy Yahoo! Inc. (NASDAQ: YHOO)'s Internet properties which Warren Buffett himself said have "deteriorated significantly"? According to The...
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Verizon To Acquire Yahoo's Operating Business For $4.8 Billion
Monday, July 25, 2016 - 7:42am | 491After months of investor activism, speculation and rumors, Verizon Communications Inc. (NYSE: VZ) confirmed Friday's reports that it will acquire some of Yahoo! Inc. (NASDAQ: YHOO)'s assets. Shares of Yahoo were halted early Monday morning and resumed trading at 7:20 a.m. EDT. Shares...
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Who Is Marni Walden, And Why Should Verizon Investors Care?
Wednesday, July 6, 2016 - 2:12pm | 379Yahoo! Inc. (NASDAQ: YHOO)'s long drawn out process of selling its internet assets is being closely watched by Marni Walden. Walden is the head of product innovation and new businesses for Verizon Communications Inc. (NYSE: VZ) — the company widely considered to be a front-runner to acquire...
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You Won't See Marissa Mayer Or Nikesh Arora At Allen & Co.'s Annual Sun Valley Conference
Tuesday, July 5, 2016 - 1:52pm | 314Allen & Co, a boutique investment bank firm with a focus on media and entertainment companies, hosts an annual shindig for the "who's who" of the industry. Last year's event at Idaho's Sun Valley Resort attracted more than 300 executives in the media, finance, politics and technology spaces....
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Yahoo Update: Recode Says Marissa Mayer Is Actively On Board With Sale
Tuesday, May 10, 2016 - 9:42am | 353Yahoo! Inc. (NASDAQ: YHOO) CEO Marissa Mayer seems to have had a change of heart over the sale of the company, as a Recode report said she is actively on board with the sale. The report said Marissa Mayer has been taking front and center stage of the proceedings, as the second round of bidders have...
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Will Yahoo's Sale Process Get Halted Following Its New Agreement With Starboard Value? Bloomberg Has The Answer
Wednesday, April 27, 2016 - 1:44pm | 281By Wednesday afternoon, Yahoo! Inc. (NASDAQ: YHOO)'s agreement with activist investor and major shareholder Starboard Value has been well digested by the investment community. However, the question remains: Will the latest agreement impact Yahoo's ongoing search for a buyer to acquire its internet...
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Report: Verizon's Tim Amstrong Given 'Leading Role' In Evaluating Yahoo's Assets For A Potential Bid
Monday, February 8, 2016 - 3:35pm | 247Verizon Communications Inc. (NYSE: VZ) has tasked Tim Armstrong, CEO of its AOL unit, a "leading role" in evaluating a potential acquisition of Yahoo! Inc. (NASDAQ: YHOO)'s internet assets, according to Bloomberg. Citing "a person with knowledge of the situation,"...
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Verizon + AOL = 'Number One Global Media Technology Company'
Tuesday, June 23, 2015 - 2:11pm | 417Verizon Communications Inc. (NYSE: VZ) completed its acquisition of AOL, Inc. (NYSE: AOL) on Tuesday, following which Tim Armstrong, AOL CEO, and Marni Walden, Verizon EVP, were on CNBC to discuss the future business strategy of the merged entity. Something Very Big "We did start out...
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AOL CEO Tim Armstrong Explains The Why And How Of Getting Acquired By Verizon
Tuesday, June 9, 2015 - 3:46pm | 383Many people have questions whether it made sense for Verizon Communications Inc. (NYSE: VZ) to acquire AOL, Inc. (NYSE: AOL) for $4.4 billion and if AOL could have negotiated a better offer from other acquirers. Tim Armstrong, AOL chairman and CEO, was on CNBC to answer both of those...
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New Hot Details From The AOL-Verizon Merger
Tuesday, May 26, 2015 - 4:58pm | 441An SEC filing posted on Tuesday afternoon has revealed some additional details surrounding the AOL, Inc. (NYSE: AOL) - Verizon Communications Inc. (NYSE: VZ) merger. The Context A few days ago, rumors about a sale were finally confirmed, as Verizon agreed to pay $50 per share in cash (or...
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AOL CEO Weighs In On Verizon Acquiring The Company For $4.4 Billion
Tuesday, May 12, 2015 - 2:15pm | 456Verizon Communications Inc. (NYSE: VZ) announced earlier on Tuesday that it will be acquiring AOL, Inc. (NYSE: AOL) for $50 a share in a $4.4 billion deal. Tim Armstrong, AOL CEO, was on CNBC following the announcement to discuss the deal. The Deal "AOL has focused in on what I think are...
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You've Got Buyout: Verizon To Purchase AOL For $4.4 Billion
Tuesday, May 12, 2015 - 7:50am | 325Shares of AOL, Inc. (NYSE: AOL) are trading up more than 18 percent in pre-market action Tuesday on the heels of a somewhat-surprising deal with one of the titans of telecom, Verizon Communications Inc. (NYSE: VZ). AOL's stock price was trading just over the $50 per share offered by Verizon...
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How AOL Managed To Beat Street Expectations
Friday, May 8, 2015 - 3:57pm | 299AOL, Inc. (NYSE: AOL) reported strong first quarter results on Friday causing its shares to rally more than 10 percent. The company posted revenue of $625.1 million for the quarter, compared to $583.3 million it reported for the same quarter last year. Tim Armstrong, AOL chairman and CEO, was...
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Why Original Content Is Becoming An Expensive Commodity: AOL CEO Explains
Monday, April 27, 2015 - 3:07pm | 390Original content and programming has turned out to be a defining factor, separating the leaders in digital media spaces from their peers. AOL, Inc. (NYSE: AOL) chairman and CEO, Tim Armstrong, was on CNBC Monday to discuss the numbers behind producing original content. Massive Growth "...