Verizon Buys Yahoo for $4.8 Billion

Vindu Goel, reporting for The New York Times:

Verizon, seeking to build an array of digital businesses that can compete for users and advertising with Google and Facebook, announced on Monday that it was buying Yahoo’s core internet business for $4.83 billion in cash.

The deal, which was reached over the weekend, unites two titans of the early internet, AOL and Yahoo, under the umbrella of one of the nation’s largest telecommunications companies. Verizon bought AOL for $4.4 billion last year. Now it will add Yahoo’s consumer services — search, news, finance, sports, video, email and the Tumblr social network — to a portfolio that includes AOL as well as popular sites like The Huffington Post.

Yahoo and AOL, once giants of the industry, now just another part of Verizon. I wonder what Tumblr’s fate will be?

Sponsor: Thank You Audible

Audible

My thanks to Audible.com for sponsoring Chorus this week. They are currently offering a free 30-day trial that comes with two free audio books, and if you’ve got any kind of commute, I can’t recommend finding some time to listen to audibooks enough. One of the things I love about Audible is how easy they make the return process — if you order something to check out, start it and don’t like it, they’re really great about letting you return the book without any hassle.

I’ve been currently reading Armada, so if you’re looking for something new to check out, that’s definitely worth giving a look.

The Last VCR Will Be Manufactured This Month

Technology

Ananya Bhattacharya, writing for QZ:

Surprising fact: there’s a company still making video-cassette recorders, or VCRs. But that will change at the end of this month.

Japan’s Funai Electronics, which makes its own electronics, in addition to supplying companies like Sanyo, will produce the last batch of VCR units by July 30, Nikkei reported (link in Japanese). The company cites difficulty in obtaining the necessary parts as one of the reasons for halting production.