M&A Deal Summary

Verizon Communications Acquires Yahoo!

On July 25, 2016, Verizon Communications acquired internet software and services company Yahoo! from Altaba for 4.8B USD

Acquisition Highlights
  • This is Verizon Communications’ 3rd transaction in the Internet Software and Services sector.
  • This is Verizon Communications’ 4th largest (disclosed) transaction.
  • This is Verizon Communications’ 18th transaction in the United States.
  • This is Verizon Communications’ 6th transaction in California.
Investment Fate
  • Yahoo! was divested to a consortium of buyers in 2021 for 5.0B USD.

M&A Deal Summary

Date 2016-07-25
Target Yahoo!
Sector Internet Software and Services
Buyer(s) Verizon Communications
Sellers(s) Altaba
Deal Type Add-on Acquisition
Deal Value 4.8B USD
Advisor(s) Goldman Sachs
J.P. Morgan Securities (Financial)
Skadden, Arps, Slate, Meagher & Flom
Weil Gotshal & Manges
Wilson Sonsini Goodrich & Rosati (Legal)

Target

Yahoo!

Sunnyvale, California, United States
website
Entrance to Yahoo's corporate campus in Sunnyvale, California.
Entrance to Yahoo's corporate campus in Sunnyvale, California.
Yahoo! is a provider of internet search tools, content, and communication services. The Company was formed in 1994 and is based in Sunnyvale, California.

Search 192,723 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Verizon Communications

New York, New York, United States

website


Category Company
Founded 1983
Sector Communications
Employees130,100
Revenue 136.8B USD (2022)
DESCRIPTION
Verizon storefront in New York City.
Verizon storefront in New York City.

Verizon Communications is a provider of communications, information, and entertainment products and services to consumers, businesses and governmental agencies. Verizon offers voice, data and video services and solutions on wireless and wireline networks that are designed to meet customers’ demand for mobility, network connectivity, security and control. Verizon dates back to 1983 and is based in New York City. Verizon Communications was founded in 1983 and is based in New York, New York.


DEAL STATS #
Overall 18 of 34
Sector (Internet Software and Services) 3 of 6
Type (Add-on Acquisition) 14 of 28
State (California) 6 of 10
Country (United States) 18 of 32
Year (2016) 4 of 9
Size (of disclosed) 4 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-21 Telogis

Aliso Viejo, California, United States

Telogis, Inc. is a software company that provides location-based Intelligent Transportation Systems (ITS) that improve the way enterprises track and utilize mobile workers and assets to enhance resource efficiency and reduce fuel consumption and O&M for large industrial trucking fleet.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-01 Fleetmatics Group

Wellesley Hills, Massachusetts, United States

Fleetmatics Group PLC is a global provider of mobile workforce solutions for service-based businesses of all sizes delivered as software-as-a-service (SaaS). The Company's solutions enable businesses to meet the challenges associated with managing local fleets, and improve the productivity of their mobile workforces, by extracting actionable business intelligence from real-time and historical vehicle and driver behavioral data. Fleetmatics group's Web-based solutions provide fleet operators with visibility into vehicle location, fuel usage, speed and mileage, and other insights into their mobile workforce, enabling them to reduce operating and capital costs, as well as increase revenue.

Buy $2.4B

Seller(S) 1

SELLER

Altaba

New York, New York, United States

website


Category Company
Founded 1994
Sector Diversified
Revenue 5.2B USD (2016)
DESCRIPTION

Altaba is an independent management investment company that comprises two investments: the first a substantial position in Alibaba Group Holding Limited, which has become one of the world's largest online retailers, and the second in Yahoo Japan Corporation, now a leading Japanese internet company. Altaba was founded in 1994 and is based in New York, New York.


DEAL STATS #
Overall 2 of 2
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-18 Alibaba Group Holding

Hangzhou, China

Alibaba Group Holding is a group of Chinese e-commerce businesses including Alibaba.com, Taobao and Alipay. Alibaba Group Holding was founded in 1999 and is based in Hangzhou, China.

Sell -