Shulou(Shulou.com)11/24 Report--

CTOnews.com July 4, Yahoo CEO Jim Lanzone told the Financial Times that as a private company, the company has made a profit and will seek IPO in the future, which is part of the plan to revive the company.

"Yahoo is financially ready, the company has a good balance sheet and is very profitable."

Verizon is understood to have acquired Yahoo and AOL in two deals in 2015 and 2017 and sold them to private equity firm Apollo in September 2021, worth as much as $5 billion (CTOnews.com Note: currently about 36.25 billion yuan).

Tuyuan PixabayVerizon put the two companies under the "Oath" brand and shifted from telecoms to media as part of its diversification strategy at the time, but was eventually forced to reduce the burden on these businesses because of long-term losses and sold them at close to the price at which it was acquired.

For Yahoo, the sale has seriously tarnished its reputation, and its popularity and Internet market share have been lost to platforms such as Google and Facebook since the 2000s.

Yahoo first went public with IPO in April 1996, quickly became one of the most popular websites in the world, and turned down Microsoft's $47 billion offer (currently about 340.75 billion yuan) in 2008.

But according to Lanzone, Yahoo's total traffic is still among the top five in the world, "even after such a long time, and six years after it was acquired by a telecom company."

Currently, Yahoo has more than 30 business units, including finance, sports, news and mail, as well as the start-up news site TechCrunch.

Yahoo, as a long-term brand, has been seen as "a trusted guide for people in the digital wilderness of the Internet," he said. "whether it's finance, sports or news, this is still what we have to do. and that's why we've been in first or second place in these important categories for years.

He added that the company would seek M & An opportunities in areas where business had not yet been established and "we will actively pay attention to these issues".

In addition, Yahoo recently acquired sports betting app Wagr to expand its sports business. In response, Lanzone said, "We will do a lot of things for every vertical we already have. We have been involved in the M & A process."

He said the group was still in the top three in search, "but it is too small right now" to compete with Google and Microsoft's Bing. "hopefully we can go back there," he added. "I'm very optimistic about what we can do. I think artificial intelligence brings new opportunities for every product."

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