YAHOO - Current Affairs Questions and Answers

ANSWER: Yahoo

Explanation:
Verizon is purchasing search engine major Yahoo for USD 4.83 billion marking the close of an era for a company defining the internet.

• This marks the second time in two years Verizon has broadened its digital reach.
• It paid USD 4.4 billion for AOL in 2015.
• It is the largest wireless carrier in the US and is NY based.
• Others in the bidding processes were AT&T and Quicker Loans founder Dan Gilbert as well as buyout firms TPG and Vector Capital Management.

ANSWER: Jeffrey Smith

Explanation:
Yahoo Inc's management team and directors have given a warm welcome to Starboard Value LP chief executive Jeffrey Smith since he joined the company's board after a contentious battle on May 2nd.

• The founder of the activist hedge fund is coming off a major agreement struck with Yahoo in a deal in which Smith and three associates joined the internet company's board of directors after a contentious battle that nearly went to a shareholder vote.
• After more than a year of pushing for business and leadership changes at Yahoo, Starboard nominated a nine-member slate this spring to replace Yahoo's entire board. With the proxy battle now finished, the company is pressing ahead with the auction of its core business.

ANSWER: Yahoo Screen

Explanation:
Yahoo has brought Yahoo Screen, an online video hub to an end. Overhaul of Yahoo Screen came 16 months ago through new mobile app featuring clips from NBC’s Saturday Night Life and other well known TV shows. Yahoo is now moving the video across digital magazines and other services such as Yahoo Music.

ANSWER: Jacqueline Reses

Explanation:
Yahoo Chief Development Officer J. Reses is resigning to join mobile payments company Square Inc following a role change earlier in 2015. Twitter also named Jack Dorsey heading Square as its CEO earlier. Square has also filed for an IPO recently in October 2015.