By The Drum

Yahoo today (July 17) reported revenues of $1.3bn for the last quarter, compared to a loss of $22m the same period 12 months earlier, with the company also reporting a near $500m downgrade in the valuation of its Tumblr purchase, three years into its takeover of the picture-sharing service.

As speculation over who will buy the company continues to loom, with U.S. telcos AT&T, AOL-owner Verizon Wireless, plus private equity outfits all billed as likely suitors. Yahoo was unable to offer any more insight into the immediate future of the former internet giant, but the results of the Read full story ›

Source: The Drum