Verizon Acquires Yahoo, Uniting AOL and Yahoo Email Clients with Verizon’s Mobile Smarts
Driving further consolidation in the webmail space and setting themselves up to push harder into the mobile email space, Verizon acquires Yahoo for $4.83 billion. The move comes a little over a year after Verizon acquired AOL for $4.4 billion.
Uniting the email muscle of AOL and Yahoo could give Verizon a leg up in its battle with Microsoft for the No. 2 spot among webmail clients with the most market share. (Gmail has a firm grasp on the No. 1 spot.)
But the more interesting action is likely to occur in the mobile email space. Both AOL and Yahoo have struggled in a mobile world, but Verizon understands this world well and through its cellular service business has access to smartphone home screens.