Mayer explained that while the decision to acquire Netflix or rival streaming platform Hulu were investment opportunities for the company in 2013, she opted to rather purchase the social blogging platform Tumblr for $1.1 billion. Netflix and Hulu were valued at approximately $4 billion and $1.1 billion respectively, Mayer recalled.

“We looked at a transformative acquisition, and we bought Tumblr,” Mayer explained in the interview with Tech Brew. While a cheaper option at the time, the former Yahoo CEO came to regret the purchase, with Tumblr losing over $700 million of its value. Netflix, in contrast, grew to a value of $140 billion while Disney became the majority owner of Hulu in 2019.

The post Ex-Yahoo CEO Marissa Mayer Regrets Passing Up Netflix appeared first on theprimarymarket.com.

Alba’s business career is mostly tied to consumer wellness brand The Honest Company, which she co-founded with Christopher Gavigan. She currently owns 6.5 percent of the company and serves as its chief creative officer.

Joining Alba are former Yahoo executive and Moxxie Ventures founder Katie Stanton, K5 Global’s founder Michael Kives, Array’s CEO Fouad ElNaggar, Aryeh Bourkoff, CEO of investment bank LionTree, and Cynthia Marshal, the CEO of NBA franchise Dallas Mavericks.

“We’re thrilled to welcome such high-caliber executives to the Yahoo board of directors, which we view as testament to Yahoo’s leadership in delivering seamless consumer products and digital media solutions at unparalleled scale, and the opportunities that lie ahead,” said Yahoo’s chairman Reed Rayman.

Yahoo is considered one of the pioneers of the 1990s internet era and was once the dominant force in the business. However, the company has been struggling since the late 2000s and has changed owners several times. It was most recently purchased by Apollo Global Management last year in a $5 billion deal.

The post Yahoo Adds Hollywood Star Jessica Alba, Five Others to Its Board appeared first on theprimarymarket.com.

Mayer explained that while the decision to acquire Netflix or rival streaming platform Hulu were investment opportunities for the company in 2013, she opted to rather purchase the social blogging platform Tumblr for $1.1 billion. Netflix and Hulu were valued at approximately $4 billion and $1.1 billion respectively, Mayer recalled.

“We looked at a transformative acquisition, and we bought Tumblr,” Mayer explained in the interview with Tech Brew. While a cheaper option at the time, the former Yahoo CEO came to regret the purchase, with Tumblr losing over $700 million of its value. Netflix, in contrast, grew to a value of $140 billion while Disney became the majority owner of Hulu in 2019.

The post Ex-Yahoo CEO Marissa Mayer Regrets Passing Up Netflix appeared first on theprimarymarket.com.

Alba’s business career is mostly tied to consumer wellness brand The Honest Company, which she co-founded with Christopher Gavigan. She currently owns 6.5 percent of the company and serves as its chief creative officer.

Joining Alba are former Yahoo executive and Moxxie Ventures founder Katie Stanton, K5 Global’s founder Michael Kives, Array’s CEO Fouad ElNaggar, Aryeh Bourkoff, CEO of investment bank LionTree, and Cynthia Marshal, the CEO of NBA franchise Dallas Mavericks.

“We’re thrilled to welcome such high-caliber executives to the Yahoo board of directors, which we view as testament to Yahoo’s leadership in delivering seamless consumer products and digital media solutions at unparalleled scale, and the opportunities that lie ahead,” said Yahoo’s chairman Reed Rayman.

Yahoo is considered one of the pioneers of the 1990s internet era and was once the dominant force in the business. However, the company has been struggling since the late 2000s and has changed owners several times. It was most recently purchased by Apollo Global Management last year in a $5 billion deal.

The post Yahoo Adds Hollywood Star Jessica Alba, Five Others to Its Board appeared first on theprimarymarket.com.