Verizon Closes Yahoo Acquisition, Launches Oath
Verizon Communications today said it has finalized its purchase of Yahoo. Now that the deal is complete, Verizon is merging its Yahoo and AOL assets into a new media company called Oath. Oath encompasses some 50 brands, including HuffPost, Yahoo Sports, AOL.com, Makers, Tumblr, Build Studios, Yahoo Finance, Yahoo Mail, and many more. Yahoo CEO Marissa Meyer, a former Google exec, has resigned effective today. Yahoo's properties will be managed by Tim Armstrong, who already oversees Verizon's AOL business unit. The $4.8 billion deal was first announced in July 2016. The process suffered a major blow when Yahoo disclosed a material security breach that impacted more than 1 billion users. The two companies later agreed to drop the sale price by $350 million, with the final price tag landing at about $4.48 billion. Marni Walden, executive vice president and president of Product Innovation and New Businesses at Verizon, presided over the acquisition. Armstrong will report to her. The company is expected to shed as many as 2,100 jobs as it integrates AOL and Yahoo's properties. Verizon Communications is the parent company of Verizon Wireless.
Review: Verizon Wireless Wear24 Android Smartwatch
The Wear24 from Verizon is among the first to support Android Wear 2.0 from Google. The wearable is a classy-looking smartwatch that offers LTE-based calling and messaging integration with your main mobile number.
Alcatel Announces the Idol 5S with Stereo Speakers
Alcatel today marked the debut of the Idol 5S, the latest in its flagship series. Like its predecessors, the 5S features an aluminum frame, curved glass front and rear surfaces, powerful stereo speakers, and a rear-mounted fingerprint reader.
Verizon to Sell Asus' ZenFone AR Project Tango Phone
Verizon Wireless will be the first U.S. carrier to offer a Project Tango smartphone to its customers.
BlackBerry Says CDMA Version of KEYone Now At Best Buy
BlackBerry Mobile today said the Verizon-ready, CDMA model of its KEYone smartphone is available at Best Buy stores. The phone is sold unlocked with support for Verizon's 3G and 4G networks.
Yahoo Adds Package Tracking to iOS Mail App
Yahoo today announced an update to its Mail App for iOS devices an added the ability to automatically track packages. According to Yahoo, users will see their shipments from Amazon, eBay, Zappos, Target, Best Buy, Macys.com, and others under the "Yahoo Today" section of the app, which will display shipping date, item description, and expected arrival.
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