Yahoo sells tears, worth only 5 billion US dollars?

In recent months, Yahoo’s sales have been heard. A few days ago, Dan Gilbert, a telecom giant Verizon Communications and AT&T, several private equity firms and Quicken Loans, the largest online retail mortgage company in the United States, will all be involved. The company plans to acquire this company with search engine, email, advertising and media operations.

It now appears that Verizon Communications is laughing to the end. According to Bloomberg News, many insiders revealed that Verizon Communications is close to reaching an agreement with Yahoo. The company plans to acquire the aforementioned core business, which does not include Yahoo’s patent assets, at a value of approximately US$5 billion (Yahoo’s market value once exceeded US$100 billion). At present, this transaction has not yet been confirmed by the above two companies, and it is expected that the transaction may be announced in the next few days as soon as possible.

It is worth noting that Yahoo just released the latest quarterly earnings report. The financial report shows that Yahoo’s revenue for the second quarter was 1.308 billion US dollars, compared with 1.243 billion US dollars in the same period of last year; the net loss attributable to Yahoo in the second quarter was 440 million US dollars. In the same period, it was US$22 million, and net loss increased significantly year-on-year.

And its core business also performed weak without exception. Search business revenue was 319 million US dollars, compared with 422 million US dollars in the same period of last year, a year-on-year decrease of 24.4%; showing business revenue of 396 million US dollars, a slight decrease from 410 million US dollars in the same period of last year; other revenue was 132 million US dollars last year. In the same period, it was US$216 million, a decrease of 38.8% year-on-year.

The industry generally believes that academic losses in the second quarter will affect Yahoo's sale price, and Verizon's $5 billion offer is also reasonable. If Verizon and Yahoo negotiate successfully, then this will be Yahoo’s last financial report as a public offering.

In the past few years since CEO Mayer took office, Yahoo has been able to say it is losing ground. In the company's recent mergers and acquisitions, the value of light blog Tumblr, video advertising startup Brigthroll, mobile service company Flurry, and fashion exploration site Polyvore have all shrunk dramatically.

In February of this year, Yahoo launched a restructuring plan, which includes laying off about 15% of its staff, selling non-strategic assets, and considering "strategic options."