Dec 12, 2018 - Technology

Verizon's moment of clarity

Verizon CEO Hans Vestberg. Photo: Steven Ferdman/Getty Images

Verizon has finally figured out that it way overpaid for Yahoo and AOL, perhaps after going back and reading all the contemporaneous media analysis and armchair tweets.

Details: The company, now led by a CEO who prioritizes media like Bill Belichick prioritizes fashion, yesterday wrote down the value of its entire Oath unit by $4.6 billion. For context, Oath basically consists of Yahoo ($4.8 billion purchase last year) and AOL ($4.4 billion in 2015).

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