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TLDR:

Yahoo, along with AOL, uses cookies to provide sites and applications, authenticate users, apply security measures, prevent spam and abuse, and measure usage. By clicking “Accept all,” partners in the IAB Europe Transparency Consent Framework and Yahoo will store and/or use information on a device, serve precise geolocation data and other personal data for advertising and content personalization. To manage privacy settings, click “Manage privacy settings.”

Article:

Yahoo is a part of the Yahoo family of brands, including Yahoo and AOL, as well as Yahoo Advertising, a digital advertising service. When using their sites and applications, cookies are used to store and read information on a device. Cookies are used to provide sites and applications, authenticate users, apply security measures, prevent spam and abuse, and measure usage.

By clicking “Accept all,” partners in the IAB Europe Transparency Consent Framework and Yahoo will store and/or use information on a device, serve precise geolocation data and other personal data for advertising and content personalization. If users do not want cookies and personal data to be used for these purposes, they can click “Refuse all” or “Manage privacy settings” to customize their choices. Privacy settings can be modified at any time by accessing the links on Yahoo’s sites and applications.

For more information on how personal data is used, users can refer to Yahoo’s Privacy Policy and Cookie Policy.