27 times larger than 16 years ago, Apple was forced to sell Yahoo resulted from mistakes.
Nearly 27 times higher than 16 years ago, Apple’s market cap company Yahoo have sold today. American company, Verizon Communications bought it in 32 thousand crores ($483 million). For your knowledge, Yahoo was the world’s largest tech company in January 2000. 16 years ago, Yahoo’s market cap to Rs 5.63 lakh crore (12,800 million) and Apple- 21120 crore (480 million) was. So, in 2000, 27 times higher than Yahoo’s market cap Apple.
Now Verizon will control Yahoo Mail & Yahoo search.
Under the deal, Yahoo Search, Mail , Flickr , Tumblr , instant messaging and advertising technology will meet Verizon.
Following the acquisition of Yahoo is believed to Verizon competition from Google and Facebook will help.
Yahoo ‘s news, sports and finance a billion active users each month the facility. 60 million active users of mobile phones. Verizon will benefit from it.