Verizon will acquire Yahoo’s core business in a deal worth nearly $5 billion, the companies announced Monday. But for users of popular services and sites like Yahoo Mail and Yahoo Sports, the future remains unclear.
Yahoo will continue to operate independently until the deal closes, which will likely take place early next year. What happens to Yahoo’s products then? A Yahoo spokesperson did not offer specifics, but did reiterate the following portion of the companies’ press release:
Yahoo Mail and Yahoo Sports are among the company’s most popular offerings. Yahoo Mail ranks in second of all email services, behind Google’s Gmail. Yahoo Sports places fourth among sports news outlets when it comes to U.S. unique visitors. Yahoo Finance also took the top spot among financial news outlets, and the Yahoo-ABC News network ranked first among other news and information sites.
All said, it’s unlikely that Verizon would kill off Yahoo’s most popular offerings. For Verizon, Yahoo’s content and products are part of the reason it’s buying the company in the first place (advertising and sales is the other big draw). In a statement, AOL CEO Tim Armstrong pointed to news and sports as key Yahoo strengths. “Yahoo has been a long-time investor in premium content and created some of the most beloved consumer brands in key categories like sports, news, and finance,” said Armstrong, who is leading Verizon’s efforts to integrate AOL and Yahoo into the broader company. Verizon bought AOL last June for $4.4 billion.