Yahoo Verizon

Itz official, Verizon has acquired Yahoo in a $4.83-billion deal . The deal ends months of lengthy process which saw participation from companies including AT&T and a group led by famed wealth manager Warren Buffet.

Itz always nostalgic to put the reverse gear on looking back the history.

Yahoo began in 1994 as “Jerry’s Guide to the World Wide Web,” a list of websites curated by Stanford University students Jerry Yang and David Filo. It grew quickly as millions of Americans began turning on dial-up Internet connections and needed a home page that would direct them to all their essential destinations.

In 1996 it went public and rode the dot-com bubble to epic heights, reaching a peak of $500 a share in January 2000. Yet Yahoo missed the opportunity of a generation to convert its early lead and millions of users into more than just a portal.

Over the last four years, Mayer, a former Google executive, tried to right Yahoo’s ship.  Announcing the big news, CEO Marissa Mayer sent a mail to Yahoo employees across the globe. The closing note of the mail, is:
"Yahoo is a company that changed the world. Now, we will continue to, with even greater scale, in combination with Verizon and AOL."

It’s an ironic end for Yahoo’s founders ever could have dreamed when they first launched.