Yahoo inks $4.8bn deal with Verizon for core business
PTI Yahoo will be bought by American telecom giant Verizon Communications for nearly $5 billion (about Rs.32,358 crore) in cash, ending a two-decade run as an independent company for the Internet pioneer.Yahoo will be combined with AOL, another faded Internet star that Verizon bought last year. Verizon chief executive Lowell McAdam said this will create "a top global mobile media company, and help accelerate our revenue stream in digital advertising."The acquisition, expected to close in early 2017, pending shareholder and regulatory approval will exclude Yahoo's cash, certain patent holdings, as well as its share in China's Alibaba Group and stake in Yahoo Japan.Yahoo, which was the entry door to the Internet for an early generation of web users, has been coping with years of ...
Government launches roadmap for machine-to-machine communications
The Dollar Business Bureau Taking a step towards the goal of 'Make in India' and 'Digital India', the government on Tuesday released a roadmap for machine-to-machine (M2M) communications. The roadmap will serve as a reference document for the use of machine communications. “M2M communications will impact every aspect of life of common man and results in substantial and tangible social and economic benefits to consumers, businesses, citizens and government,” Union Minister of Telecommunication Ravi Shankar Prasad said while releasing the roadmap. He said when the country is focusing on digital empowerment, it has to be ensured that it plays a lead role in the implementation of M2M technologies. The minister also asked all concerned agencies to join hands to ...
