Yahoo CEO Jim Lanzone recently told the Financial Times in an interview thatPlans to restore the company to the stock market, and return to compete with mainstream Silicon Valley companies.
Jim Lanzone emphasized that despite the many changes in the past few years, Yahoo's overall Internet traffic still ranks among the top five in the world. This also shows that it is now financially prepared, the company's assets and liabilities are performing well, and it has sufficient profitability. Therefore, it is expected to attract greater investment opportunities through re-listing.
In late July 2016, Yahoo sold its internet business to US telecom operator Verizon for US$7 billion, excluding Yahoo Japan and Alibaba's holdings. It was subsequently renamed Oath and later Verizon Media.
However, Verizon subsequently acquired Verizon Media for $2021 billion in May 5.Sold to private equity firm ApolloLater, the name of Verizon Media was changed back to Yahoo, and the original CEO Guru Gowrappan left and was taken over by Jim Lanzone, the CEO of Tinder at the time.
