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How the mighty have fallen: Verizon buys Yahoo’s core business for $4.6 billion.

Yahoo will always be known as one of the initial faces behind the boom of the World Wide Web and was one the few .com companies left standing after the crash in 2001. The days of partnering with startup internet service providers to take on and conquer the “giant” in AOL have long passed and are now just another page in the history books of companies who have forever changed our daily routines.   A rather well-publicized merger was announced Monday as Verizon has purchased Yahoo to pair with its other recent purchase of AOL. Here is some background about the purchase that we think you’ll find interesting: Verizon buys Yahoo’s core business for $4.6B. Tim Armstrong, CEO of AOL (which by the way is another recent Verizon purchase) has been a main figure in the recent months as Yahoo’s auction has taken place, and many believe that he will be the driving force behind the combined companies.

 

Armstrong and current Yahoo CEO Marissa Mayer worked together at Google years ago. As recently as two years ago, Mayer rejected Armstrong’s effort to merge the two companies (AOL & Verizon.) More recently, however, activist investors lost faith in Mayer as she never really could boost the bottom line, causing a long, but successful purchase of Yahoo’s core business after plans to spin off its stake in Alibaba were dropped.   It's a decade of mismanagement that has finally ended for Yahoo," said Recon Analytics analyst Roger Entner. "It's the continuation of an extension of Verizon's strategy toward becoming a wireless internet player and a move away from (telecom) regulation for Verizon into an unregulated growth industry.   Yahoo Timeline:   1998: Yahoo refuses to buy Google for $1mil USD   2002: Yahoo realizes its mistake and tries to buy Google for $3 billion, Google wants $5 billion. Yahoo refuses deal.   2008: Yahoo refuses to be sold to Microsoft for $40B   2016: Yahoo sold for $4.6B to Verizon

 

Globally, Yahoo’s stakes in Alibaba and Yahoo Japan aren’t part of the acquisition. These stakes are worth tens of billions of dollars alone. As of Friday, July 22nd, Yahoo’s 15 percent stake in Alibaba represented $31.2 billion the, and its 34 percent of Yahoo Japan was worth $8.3 billion. Yahoo’s patent portfolio, which is worth around $1 billion, isn’t part of the sale either. However, sources say that Yahoo’s Sunnyvale headquarters are part of acquisition.   With the acquisition of AOL last year for $4.4 billion and now Yahoo, the already giant telecom company Verizon is showing that it is serious a3bout diversifying its revenue and operations.

 

If you would like to learn more about acquisitions and how they can affect your investment portfolio, or if you have any questions regarding your investment opportunities, we invite you to learn more at www.midwest-wealth.com or call us at 877-243-2132.     Sources:   Nayak, Malathi and Todd, Deborah. Verizon to buy Yahoo’s core business for $4.8billion in digital ad push. Reuters. 25 Jul. 2016 http://www.reuters.com/article/us-yahoo-m-a-verizon-idUSKCN1040U9   Dillet, Romain. Verizon buys Yahoo for $4.83billion. Tech Crunch. 25 Jul. 2016 https://techcrunch.com/2016/07/25/verizon-buys-yahoo-for-4-83-billion/    
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Dancing with the Advisor – in the Ballroom

How do we keep ourselves busy?  We dance!

 

Five Star Dance Studio played host to a dance party thrown by Midwest Wealth Management to share the passion President Greg Shields has developed for ballroom dancing. He and his wife showcased a routine they locally performed and the group was given introductory instruction on a few dances they could use at weddings and other social gatherings.  To see more highlights of the event, view our photo gallery Dancing with the Advisor

 

Greg Shields has worked in the financial services industry for more than 30 years. For the last 14 years, he has focused on financial planning, wealth management, and alternative investments.

Midwest Wealth Management, Inc. was formed in 2005 when he incorporated his individual investment firm to offer his clients' more strategic paths to wealth accumulation.

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Utilizing technology and finance: budgeting in Indianapolis has never been so easy.

Before the marriage of technology and finance, many families in Indianapolis knew that maintaining a budget on paper wasn’t an easy task. Over-sized ledger books, somewhat legible writing and stacks of statements were all part of this unwieldly process. But as one page in a ledger book closes, another one opens. In this case, there are now apps that can help you easily set a budget and log your expenses on the go, so you can tell just how far your money will go.   There are budgeting and personal finance apps for adults, as well as apps that can help parents talk and teach their children about money. Starting with the grownups, here are a few favorites according to Tom’s Guide:   1. Mint.com Personal Finance. (Android, iOS). Allows in-depth personal budget management and expense logging and lets you sync your bank and card details for an up-to-date and secure look at your financial state.   2. Expensify. (Android, iOS.) If you are a business traveler, you’ll love this handy app that allows you to manually track expenses, photolog receipts and import purchase info from your credit card for eReceipts.   3. IOU Debt Manager. (Android, iOS). Now you can keep track of who owes you what or what you owe other people.   4. PocketGuard (Android, iOS). This all-in-one bank account tracking and budget management app shows you how much is in your account and what you can afford to spend for the day.   5. Home Budget with Sync (Android, iOS). Includes a neat Family Sharing feature that allows users to easily set a budget, and then sync income and expenses between multiple devices. Also contains charts and infographics.   Most adults appreciate using a convenient app to help with their finances, but it is a different story when it comes to their children. A survey by T. Rowe Price found that about 3 in 4 parents admitted to not being honest with their children about money, including how it affected their own personal finances. Even so, “the best way for children to learn finance skills is to handle real money,” says Nancy Phillips, author and financial blogger of Zela Wela Kids.   To get your kids used to the idea of handling money, there are apps that help them learn money skills. To learn more, go to: www.tinyurl.com/kidmoneyapps. You find seven different apps that use a smartphone to teach your children savings and budgeting lessons developed for different ages, from 5and 6-up to 13 and up. For more information and financial tips, visit Midwest Wealth Management at www.midwest-wealth.com, or call us at 317-288-4989.   Corpuz, John. 10 Best Budgeting and Personal Finance Apps. tom’s guide. 28, Apr. 2016. http://www.tomsguide.com/us/pictures-story/548-best-budget-expense-apps.html   Palmer, Kimberly. Parents: Stop Being So Awkward With Money. U.S. News & World Report.11, Apr. 2012 http://money.usnews.com/money/personal-finance/articles/2012/04/11/parents-stop-being-so-awkward-with-money
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