On PR Newswire: Yahoo! Acquisition, Career Pitfalls, Rising Home Sales
With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire for Journalists. Here are some of this week’s most newsworthy releases you might have missed. Members of the media can register for PR Newswire for Journalists at prnmedia.prnewswire.com. Customize your profile to get the news releases you want before they make headlines. It’s free and takes only a few moments to sign up.
Source: PRNewsFoto/Verizon
Verizon to Acquire Yahoo’s Operating Business
Verizon Communications Inc. and Yahoo! Inc. announced on July 25 that they have entered into a definitive agreement under which Verizon will acquire Yahoo’s operating business for approximately $4.83 billion in cash, subject to customary closing adjustments. Yahoo informs, connects and entertains a global audience of more than 1 billion monthly active users — including 600 million monthly active mobile users through its search, communications and digital content products. Yahoo also connects advertisers with target audiences through a streamlined advertising technology stack that combines the power of their data, content, and technology. See the full release to learn more about the acquisition.
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Oracle announced on July 28 that it has entered into a definitive agreement to acquire NetSuite, the very first cloud company. The transaction is valued at $109.00 per share in cash, or approximately $9.3 billion. “Oracle and NetSuite cloud applications are complementary, and will coexist in the marketplace forever,” said Mark Hurd, chief executive officer, Oracle. “We intend to invest heavily in both products – engineering and distribution.” “We expect this acquisition to be immediately accretive to Oracle’s earnings on a non-GAAP basis in the first full fiscal year after closing,” said Safra Catz, chief executive officer, Oracle. See the full release to learn more about the deal.
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Source: PRNewsFoto/CareerBuilder
CareerBuilder Survey Reveals Five Common Job Seeker Pitfalls That Will Hinder Any Career Search
With job prospects improving, workers are looking to greener pastures, but simple mistakes in the application process may be holding them back from landing a new opportunity. A national survey was conducted online by Harris Poll on behalf of CareerBuilder between May 11 and June 7, 2016, and included a representative sample of 3,244 full-time workers in the private sector across industries and company sizes. Mistakes included not attaching a cover letter, not sending a thank you note, and more. See the full release for the full list of job seeker pitfalls.
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Pending Home Sales Marginally Rise in June
Pending home sales were mostly unmoved in June, but did creep slightly higher as supply and affordability constraints prevented a bigger boost in activity from mortgage rates that lingered near all-time lows through most of the month, according to the National Association of Realtors. Increases in the Northeast and Midwest were offset by declines in the South and West. The Pending Home Sales Index, a forward-looking indicator based on contract signings, inched 0.2% to 111 in June from 110.8 in May and is now 1% higher than June 2015 (109.9). With last month’s minor improvement, the index is now at its second highest reading over the past 12 months, but is noticeably down from this year’s peak level in April (115). See the full release to learn more about the state of the housing market.
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Source: PRNewsFoto/LeEco,VIZIO, Inc.
Pioneering Internet Ecosystem Company LeEco Acquires VIZIO for $2 Billion
LeEco and VIZIO Inc. announced on July 26 a definitive agreement under which LeEco would acquire VIZIO Inc. for $2 billion. The VIZIO hardware and software businesses will be owned and operated as a wholly owned subsidiary of LeEco, while the VIZIO data business, Inscape, will spin out and operate as a separate, privately owned company. Recently named one of Fast Company’s 2016 “Most Innovative Companies,” LeEco is a leading global company that provides breakthrough experiences through an open, integrated ecosystem enabled by its Internet and cloud platform. LeEco develops intelligent hardware that serves as the interface to connect individuals, interact with them and to enrich their lives through premium content and applications. See the full release to see more about the acquisition.
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Larry Grady is online content manager at PR Newswire for Journalists. He has worked in business media for nearly 30 years and enjoys reality TV and daydreaming about travel and wine.
