Yahoo! Australia
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Online media company
Formed in 1996 as a 50:50 partnership between the Seven Network Ltd and Yahoo! Inc. joining together Yahoo!'s global online assets with the TV and magazine content of the Seven Network. In 2018 Yahoo!'s parent company Verizon took over complete ownership. In 2021 Apollo Global Management bought 90% of Yahoo! from Verizon.
Company Ownership
Yahoo!7 Pty Ltd | AUS | website | ||||
Yahoo! Inc ![]() owns 100% of Yahoo!7 Pty Ltd |
USA | website | ||||
Internet services Created by Verizon in 2017 to serve as an umbrella company for its digital content subdivisions, including AOL and Yahoo!. Known as Oath Inc from 2017, Verizon Media from 2019, and Yahoo! Inc from 2021, following Apollo Global Management's acquisition of 90% of the company. | ||||||
Apollo Global Management Inc ![]() owns 90% of Yahoo! Inc |
USA | website | ||||
Private equity | ||||||
Verizon Communications Inc ![]() owns 10% of Yahoo! Inc |
USA | website | ||||
Telecommunications USAs largest wireless communications service provider. Bought AOL in 2015 and Yahoo! in 2017, but sold them in 2021. |
Company Assessment
PRAISE | CRITICISM | INFORMATION | ||
Yahoo!7 Pty Ltd | ||||
In Feb 2017 Yahoo7 was fined $300,000 and convicted of contempt of court for publishing an article that aborted a murder trial, with a judge saying that one of Australia's biggest media companies put profits before professional journalism. Its employee, Sydney journalist Krystal Johnson, who wrote the article, received a good behaviour bond.
Source: news article (2017) |
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Yahoo! Inc | ||||
As You Sow's 2017 report, 'The 100 Most Overpaid CEOs', reveals the 100 most overpaid CEOs from USA's 500 largest public companies (as determined by the S&P 500 list). This company's CEO, Marissa A. Mayer came in at number 11 on the list, having been paid US$35,981,107 in 2015. According to the report, "Most CEOs have come to be grossly overpaid, and that overpayment is harmful to the companies, the shareholders, the customers, the other employees, the economy, and society as a whole."
Source: As You Sow (2017)
Greenpeace's 2017 report 'Clicking Clean' looks at the energy footprints of large data centre operators and popular websites and applications, and calls on these companies to power their data centres on renewable energy. Companies are graded (A,B,C,D,F) on their commitment to and procurement of renewable energy, as well as energy efficiency, transparency and advocacy. This company's final grade was B. [Listed under Information due to age of report]
Source: Greenpeace (2017)
OpenSecrets.org tracks the influence of money on U.S. politics, and how that money affects policy and citizens' lives. Follow link to see this company's record of political donations, lobbying, outside spending and more.
Source: Open Secrets (2020)
Yahoo! has received criticism for a variety of issues. Follow link for full rundown.
Source: Wikipedia (2014) |
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Apollo Global Management Inc | ||||
This company is listed as having best practice on a report card on lesbian, gay, bisexual and transgender equality in corporate America.
Source: Human Rights Campaign (2021)
America's Most Responsible Companies 2022 by Newsweek and Statista recognises the Top 500 most responsible companies in the United States. Companies were evaluated in three areas: environmental (waste, energy use, etc.), social (leadership diversity, employees and philanthropy) and governance (transparency and economic performance). This company received a total score of 70.6/100, ranking 24th in the Financial sector, and 312nd overall.
Source: Newsweek (2021) |
In 2016 the US Securities & Exchange Commission (SEC) issued a US$53m fine against this company for several securities law violations. The company agreed to settle the case, resolving accusations that the firm misled investors. They had been charged with concealing important details from investors, failing to fully explain policies on monitoring fees, and not disclosing details about a loan they took from some of the company's private equity funds. The SEC found that the failure to disclose, coupled with hidden monitoring fees, amounted to violations of securities laws.
Source: Lehmen & Eilen (2016)
This company received an S&P Global ESG Score of 34/100 in the Diversified Financial Services and Capital Markets category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 21 Oct 2022). The rankings are based on an analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, environmental reporting, climate strategy, human rights and labour practices.
Source: S&P Global (2022)
JUST Capital polls Americans every year to identify the issues that matter most in defining just business behaviour. For their 2023 rankings JUST Capital asked a representative sample of 3,002 Americans to compare 20 different business Issues on a head-to-head basis, producing a reliable hierarchy of Issues ranked in order of priority. Issues are organised under the headings Workers, Customers, Communities, the Environment, or Shareholders & Governance. JUST Capital then define metrics that map to those issues and track and analyse the largest, publicly traded U.S. companies. This analysis powers their rankings, in which this company ranked 710th of 951 companies, and 29th of 34 Capital Markets companies.
Source: JUST Capital (2023) |
This company has responsibility claims on its website in the area of recognising the importance of environmental, social and governance issues and taking them into account.
Source: company website (2020)
OpenSecrets.org tracks the influence of money on U.S. politics, and how that money affects policy and citizens' lives. Follow link to see this company's record of political donations, lobbying, outside spending and more.
Source: Open Secrets (2020) |
Company Details
Type | Wholly-owned subsidiary |
Revenue | 72.3 million AUD (2017) |
Employees | 373 (2012) |
Contact Details
Address | Level 2 Lot 2 Pier 8&9, 23 Hickson Rd, Millers Point, NSW, 2000, Australia |
Phone | 02 8288 4600 |
Website | au.yahoo.com |
Products / Brands
Yahoo! Australia
Yahoo! Search Engines |