Who is the Owner of Yahoo | Wiki
One of the pioneers of the early Internet era in the 1990s, Yahoo was founded in January 1994 by Jerry Yang and David Filo. However, as some services were discontinued and it lost market share to Facebook and Google at the end of the 2000s, usage decreased.
About The Company Wiki
Details of the owner of Yahoo
Apollo Global Management:
Yahoo! is an American provider of web services. It is run by Yahoo Inc., whose headquarters are in Sunnyvale, California. Investment funds managed by Apollo Global Management own 90% of it, while Verizon Communications owns 10%.
Apollo Global Management, Inc. is a global private equity firm based in the United States. It manages investments and invests in real assets, private equity, and credit. The company managed $512 billion in assets as of March 31, 2022. Of these, $46.2 billion were invested in real assets, which include real estate and infrastructure, $80.7 billion were invested in private equity, and $372 billion were invested in credit, which included mezzanine capital, hedge funds, non-performing loans, and collateralized loan obligations.
The business invests funds on behalf of pension funds, sovereign wealth funds, financial endowments, and other institutional and private investors. Apollo has managed private equity funds since 1990 with an internal rate of return (IRR) of 24% for investors, excluding fees.
Leon Black, Josh Harris, and Marc Rowan set up Apollo in 1990. Apollo has offices in North America, Europe, and Asia in addition to its New York City headquarters in the Solow Building at 9 West 57th Street.ADT Inc., CareerBuilder, Cox Media Group, Intrado, Rackspace, Redbox, Shutterfly, Sirius Satellite Radio, Qdoba, Smart & Final, University of Phoenix, and Yahoo Inc. are among the most notable companies in which the company’s funds have invested.
In addition to its private funds, Apollo also manages Apollo Investment Corporation (AIC), a US-domiciled publicly traded private equity closed-end fund and business development company. Although it has historically not invested in companies controlled by Apollo’s private equity funds, AIC provides middle-market companies, including public companies, with mezzanine debt, senior secured loans, and equity investments.
Verizon Communications Inc.
The American multinational telecommunications conglomerate Verizon Communications Inc., more commonly referred to as Verizon, is a corporate component of the Dow Jones Industrial Average. The company is incorporated in Delaware and has its headquarters at 1095 Avenue of the Americas in Midtown Manhattan, New York City.
Verizon bought AOL in 2015 to get into content ownership, and two years later, it bought Yahoo!Inc. AOL and Yahoo were combined into a new division called Oath Inc., which was renamed Verizon Media in January 2019 and spun off and renamed Yahoo after Apollo Global Management bought it.
Details of the Company
An American multinational technology company that focuses on media and online business is Yahoo Inc.’s second incarnation. The company’s current form was established in 2017. In 2015, Verizon Communications purchased AOL and later acquired a number of assets from Yahoo! Inc., in 2017.
Later that year, the two businesses would combine to form a brand-new subsidiary known as Oath Inc.Verizon made the announcement in December 2018 that the combined value of its acquisitions of Yahoo! by $4.6 billion, or approximately half. In the following month, in January 2019, the business would change its name to Verizon Media.
When Yang and Filo created “Jerry and David’s guide to the World Wide Web” in January 1994, they were electrical engineering graduate students at Stanford University. Instead of a searchable index of pages, the website was a human-edited web directory that was arranged in a hierarchy.” Jerry and David’s Guide to the World Wide Web were renamed “Yahoo!” in March 1994. and gained the name Yahoo Directory. On January 18, 1995, the domain name “yahoo.com” was registered.
On March 2, 1995, Yahoo became incorporated. Yahoo Search was the name of a feature that was added to search engines in 1995. Yahoo Directory searches were made possible by this. Within a short period of time, Yahoo established itself as the first well-liked online directory and search engine available on the World Wide Web.