As expected, Verizon has finalized their deal to purchase Yahoo’s core assets for $4.83 billion. And so ends the reign of one of the original internet giants, not with an exclamation point but a whimper.
- Verizon will integrate Yahoo’s core business with AOL, which they also bought last year. To put things in perspective, that means Verizon now owns Flickr, Tumblr, all the Yahoo sites, as well as the AOL properties like the Huffington Post, Engadget, and TechCrunch. The remaining parts of Yahoo that aren’t part of the deal include their stake in Alibaba and a few other properties valued at around $40 billion. [AP & Bloomberg]
- In other news, the final build of the Windows 10 Anniversary Update is in the hands of Windows Insiders testers. It will be available to all users on August 2nd. Also, don’t forget that upgrading to Windows 10 is only free for a few more days. [Ars Technica]
- Nintendo’s stock has had a tumultuous week in wake of the Pokémon Go craze that initially caused the company’s value to skyrocket. But Nintendo only owns a third of the Pokemon company and the game’s developer Niantic is privately held, so Nintendo isn’t profiting much from the new game. As such, they told their investors to chill out. [Kotaku]
- Twitter made an ad to differentiate itself from other social networks and to explain what the point of Twitter is. That a ten year old internet company needs to clarify its purpose is, of course, symptomatic of their failure to achieve consistent growth while other social networks have exploded in popularity. But Twitter has remained culturally relevant over the years, particularly with breaking news. That’s really the thesis of the new ad. The point of Twitter isn’t to tell people what you’re eating for lunch; the point is to see what more important people are eating for lunch. Twitter is where you go to see what’s happening in the world:
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Source: LifeHacker
