News

Seven finalises sale of Yahoo7 to Verizon

April 10, 2019 2:56

Seven West Media has announced the completion of the sale of its 50% interest in Yahoo7 to Verizon Media.

Seven will receive $20.75m in cash for its shares this financial year and now fully owns and operates all of its ‘direct to consumer’ digital products. Seven CEO Tim Worner said the strategy is already working, with Seven-owned websites performing better than the Yahoo7 joint venture did.

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Brittney Rigby was Mumbrella's deputy managing editor - news and analysis. She left Mumbrella in April 2021.

Topics
Seven West Media Tim Worner Verizon Yahoo Yahoo!7
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