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RocketMail was one of the first major free webmail services. The service was originally a product of Four11 Corporation. For a brief time, RocketMail battled with Hotmail for the number-one spot among free webmail services. Four11, including RocketMail, was acquired by Yahoo! in 1997 for $92 million. [1] Yahoo! assimilated the RocketMail engine.
Yahoo! ( / ˈjɑːhuː /, styled yahoo! in its logo) [4] [5] is an American web services provider. It is headquartered in Sunnyvale, California, and operated by the namesake company Yahoo! Inc., which is 90% owned by investment funds managed by Apollo Global Management and 10% by Verizon Communications .
History Under Verizon (2017–2021) The company is headquartered in Manhattan, New York. As of December 2019, the company employed about 10,350 people.. A year after the completion of the AOL acquisition, Verizon announced a $4.8 billion deal for Yahoo!'s core Internet business, to invest in the Internet company's search, news, finance, sports, video, emails and Tumblr products.
Early history (1994–1996) Upon the April 1994 renaming of Jerry and David's Guide to the World Wide Web to Yahoo!, Yang and Filo said that "Yet Another Hierarchical Officious Oracle" was a suitable backronym for this name, but they insisted they had selected the name because they liked the word's general definition, as in Gulliver's Travels by Jonathan Swift: "rude, unsophisticated, uncouth."
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Yahoo!, once one of the most popular web sites in the United States, is as of September 2021 a content sub-division of the namesake company Yahoo Inc., owned by Apollo Global Management (90%) and Verizon Communications (10%). It has offered a wide range of online sites and services since its inception in 1994, a majority of which are now defunct.
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