Marissa Mayer doesn't see the Verizon sale as failure: 'I really view this as a success'
Jul 25, 2016, 19:57 IST
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In a segment this morning on CNBC's "Squawk Box," host Andrew Ross Sorkin asked the Yahoo CEO if she sees the sale of the company to Verizon for $4.8 billion as a failure. Here's how Mayer replied:
Yahoo, which was founded in 1994, was once of the world's leading internet businesses, but has gone through tough times in the past several years. Yahoo's peak value was $125 billion in 2000 and even in 2008, Microsoft wanted to pay $45 billion for the company, so a $4.8 billion sale price pales in comparison.
You can watch the full clip of Mayer's response below.
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