Monday, May 20

Tag: Verizon

Automation Platform Jaunt XR Acquired by Verizon
ACQUISITION

Automation Platform Jaunt XR Acquired by Verizon

Jaunt XR announced the acquisition of its software, technology, and certain other assets by Verizon Communications Inc for an undisclosed amount. Jaunt has raised over $100 million in venture funding from Disney, Google's venture arm GV, Evolution Media Partners, CMC, Highland Capital Partners, and RedPoint Ventures. Jaunt XR is a leader in the immersive industry with a focus on the scalable creation and distribution of volumetric video of humans. “We are thrilled with Verizon’s acquisition of Jaunt’s technology,” said Mitzi Reaugh, President & CEO of Jaunt XR. “The Jaunt team has built leading-edge software and we are excited for its next chapter with Verizon.” Jaunt will be assisting Verizon with the transition of select portions of the software and technology for a brie...
Yahoo’s New Parent Oath And Mozilla Sue Each Other After Firefox Switched From Yahoo To Google
News

Yahoo’s New Parent Oath And Mozilla Sue Each Other After Firefox Switched From Yahoo To Google

The legal battle between Mozilla and Oath, new parent company of Yahoo has heating up. Now it looks like Mozilla will be heading to court to kick back Yahoo Holdings and Oath over the alleged breach of contract. Yahoo’s new parent Oath filed a complaint against Mozilla in a California court on December 1, alleging a breach of contract. Now Mozilla has filed a counter complaint, with the Superior Court stating that the switch back was in line with a deal struck between the two companies. This switch is not as small as it appears. With Firefox Quantum's release, Mozilla had set aside its deal with Yahoo that it made in 2014, to make it the default search engine provider for users in US, with others as options. The deal was made at $375 million a year. Details of the deal were only...
Mobile-App Errors Expose Data On 180 Million Phones: Security Firm
News

Mobile-App Errors Expose Data On 180 Million Phones: Security Firm

A simple coding error in at least 685 apps put millions of smartphone users at risk of having some of their calls and text messages intercepted by hackers, cyber-security firm Appthority warned on Thursday. Developers mistakenly coded credentials for accessing text messaging, calling and other services provided by Twilio Inc (TWLO.N), said Appthority’s director of security research, Seth Hardy. Hackers could access those credentials by reviewing the code in the apps, then gain access to data sent over those services, he said. Affected apps include the AT&T Navigator app pre-installed on many Android phones and more than a dozen GPS navigation apps published by Telenav Inc. Such apps have been installed as many as 180 million times on Android phones and an unknown number of times ...
Former Yahoo CEO Apologizes For Data Breaches, Blames Russians
USA

Former Yahoo CEO Apologizes For Data Breaches, Blames Russians

Marissa Mayer, former CEO of Yahoo on Wednesday, apologised for the two historic data breaches at their company. She blamed the Russian agents, saying they were behind at least one of these breaches, at a hearing on the growing number of cyber attacks on major U.S. companies. ”As CEO, these thefts occurred during my tenure, and I want to sincerely apologise to each and every one of our users,” she told the Senate Commerce Committee, testifying alongside the interim and former CEOs of Equifax Inc and a senior Verizon Communications Inc executive. “Unfortunately, while all our measures helped Yahoo successfully defend against the barrage of attacks by both private and state-sponsored hackers, Russian agents intruded on our systems and stole our users’ data.” she added. Yahoo's most of t...
Marisaa Mayer Letter To Yahoo Employees After Verizon Deal
Story

Marisaa Mayer Letter To Yahoo Employees After Verizon Deal

As Verizon Communications Inc announced that it would buy Yahoo Inc's core internet properties for $4.83 billion in cash to expand its digital advertising and media business, in a deal that ends a lengthy sale process for the fading Web pioneer. CEO and Head of Yahoo, Marisaa Mayer wrote an emotional letter to all search based employees. She mentioned in the blog - Today is a big day for Yahoo! This is the email that I sent to Yahoos around the world today. Given the interest around our journey to this point, I wanted to share more about today’s announcement. –Marissa.    Dear Yahoos, Moments ago, we announced an agreement with Verizon to acquire Yahoo’s operating business. This culminates a rigorous, thorough process over many months, and yields a great outcome for the c...
Verizon to Announce $5 Billion Deal to Buy Yahoo on Monday
ACQUISITION

Verizon to Announce $5 Billion Deal to Buy Yahoo on Monday

Verizon Communications Inc will announce an agreement on Monday to buy Yahoo Inc for about $5 billion (roughly Rs. 33,604 crores), according to a person familiar with the matter. The announcement will come before the start of New York trading hours, the source added. The deal will end months of uncertainty about Yahoo's future after the company announced plans to review strategic alternatives in February. Yahoo and Verizon both declined to comment. Reuters reported on Friday that Verizon had emerged as the front-runner in the Yahoo auction. The transaction would boost Verizon's AOL Internet business, which the company acquired last year for $4.4 billion, by giving it access to Yahoo's advertising technology tools, as well as other assets such as search, mail, messenger and r...