With enhanced graphics, gameplay that was similar to but also a very newly vitalized change from the Crash Bandicoot and Jak and Daxter with new features that were added to make the game unique and different, simply to make it stand out amongst the competition. From Metal Gear Solid 3: Snake Eater’s genre defying stealth mechanics, Shadow of the Colossus’ vast empty open lands to Kratos’ rage in God of War’s revenge fuelled Greek epic, The PlayStation 2 was a console that was unmatched in its power and its catalogue of solid first party exclusives and third party video games.Īmong such games, was Rayman Revolution, a game that was originally released in 1999 on the original Nintendo 64, the game went through many different ports such as Microsoft Windows, Sega Dreamcast and Sony PlayStation before it reached by far the best port that it ever got, The PlayStation 2. “We couldn’t be more excited about this next chapter for Yahoo as we look to invest in growth across the business, including accelerating its customer-first offerings and commerce capabilities, expanding its reach and enhancing the daily user experience.The PS2 had an entire era of putting out games that exceeded all expectations, games in every single genre that one can think of. “We look forward to partnering with Yahoo’s talented employee base to build on the company’s strong momentum and position the new Yahoo for long-term success as a standalone consumer internet and digital media leader,” Apollo Partner Reed Rayman said in the release. The bigger firm of Apollo has a massive set of TMT, holdings so it will be interesting to see how and if it leverages that, too. However, for its part, Apollo has promised to continue investing in the newly acquired proprieties, and it has secured all jobs at the time of handover for at least an initial period. It’s not clear how a new owner will steer that large ship differently, but one strategy - standard practice for PE firms - could involve Apollo selling off parts of the business or rationalizing it in other ways. All told, the umbrella brand encompasses around 900 million monthly active users globally and is currently the third-largest internet property, per Apollo’s figures. In addition to its titular Yahoo properties (Mail, Sports, Finance, et al.), the group includes us, TechCrunch AOL Engadget and interactive media brand, RYOT. There have been reports that Gowrappan might not stay on as CEO of Yahoo for the long term now that the deal has closed for now he’s still at the helm. We anticipate that the coming months and years will bring fresh growth and innovation for Yahoo as a business and a brand, and we look forward to creating that future with our new partners.” “The close of the deal heralds an exciting time of renewed opportunity for us as a standalone entity. “This is a new era for Yahoo,” Yahoo CEO (and former VZM head) Guru Gowrappan said in a release tied to the news. Verizon will be retaining 10% of the newly rebranded company. The deal is worth $5 billion, with $4.25 billion in cash, plus preferred interests of $750 million. Private equity firm Apollo Global Management this morning announced that it has completed its acquisition of Yahoo (formerly known as Verizon Media Group, itself formerly known as Oath) from Verizon.
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