Verizon Swallows Most of Yahoo; GM & Lyft to Launch Driverless Electric Car; iPhone 7 Rollout Date Determined

As rumored over the weekend, Verizon is buying Yahoo for $4.83 billion. Recode.net says they will roll up the core Yahoo business into Verizon-owned AOL. Tim Armstrong, who came to AOL from Google and revitalized it as a web sales engine, will run the combined AOL/Yahoo. Marissa Mayer will, as they say, exit. The sale does not include Yahoo’s cash, its shares in Alibaba Group Holdings, its shares in Yahoo Japan, Yahoo’s convertible notes, certain minority investments, and Yahoo’s non-core patents. All of those will continue to be held by Yahoo, which will change its name at closing.

GM and Lyft will begin testing an electric, driverless vehicle before the end of the year. According to futuritech.info, the General plans to first release the vehicle on the Lyft platform, and then spread to the rest of the mass market. So far, GM and Lyft are keeping the timeline close to the vest as to when the vehicles will be available to most anybody, so stay tuned for that.

Two quick iPhone 7 notes from bgr.com…according to reputable leaker Evan Blass, the latest from Apple will hit the shelves September 16th. This points to a rollout by Tim Cook & company on September 6th or 7th. We also hear the headphone jack-less phone will ship with a dongle…oh, how we love those…so you can use your present headphones or earbuds. A new profit center for Apple, as angry users lose or break the stupid dongles, and have to buy more…probably for 20 or 30 dollars each!

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