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Yahoo provided Internet communication services such as Yahoo Messenger and Yahoo Mail.
As of May 2007, its e-mail service would offer unlimited storage.
It was globally known for its Web portal, search engine Yahoo! Japan which were transferred to Yahoo's successor company Altaba.
and in 2017, Verizon Communications acquired most of Yahoo's Internet business for .48 billion, excluding its stakes in Alibaba Group and Yahoo!
Yahoo formally rejected the bid, claiming that it "substantially undervalues" the company and was not in the interest of its shareholders.
In early 2012, after the appointment of Scott Thompson as CEO, rumors began to spread about looming layoffs.
Several key executives, such as Chief Product Officer Blake Irving, left.
Tumblr's CEO and founder David Karp would remain a large shareholder.
The announcement reportedly signified a changing trend in the technology industry, as large corporations like Yahoo, Facebook, and Google acquired start-up Internet companies that generated low amounts of revenue as a way in which to connect with sizeable, fast-growing online communities.