This marks the end of an era. It’s official, Yahoo is being purchased by Verizon. According to these sources.
The purchase of Yahoo’s operations will boost Verizon’s AOL internet business (AOL is the Huffington Post’s parent company), which it bought last year for $4.4 billion, and give it access to Yahoo’s ad technology tools, Bright Roll and Flurry, and assets such as search, mail and messenger.
The deal, expected to close in early 2017, marks the end of Yahoo as an operating company, leaving it with a 15 percent stake in Chinese e-commerce company Alibaba Group Holding Ltd and a 35.5 percent interest in Yahoo Japan Corp.
Source: Read More
Why Verizon is buying Yahoo for $4.8 billion, in a deal Marissa Mayer calls “poetic” – Quartz
As one of the largest US telecom carriers, Verizon faces market saturation and limited growth prospects in its traditional business. Its purchase of Yahoo, which follows its acquisition of AOL in May 2015, provides more evidence that it sees online …Reuters CNN Money Forbes – Read More
Verizon Buys Yahoo for $4.83B – ABC News
Verizon Buys Yahoo for $4.83B. More. Verizon is buying Yahoo for $4.83 billion, marking the end of an era for a company that once defined the internet. 0:22 | 07/25/16. Share. Title. Description. Share From. Share With. Facebook. Tweet. </> Embed. Email. Read More
Verizon buys Yahoo for $4.83B, marking end of an era – WBAY
Yahoo FILE – This Jan. 14, 2015 photo shows a sign outside Yahoo’s headquarters in Sunnyvale, Calif. Yahoo is trying to phase out passwords with an update to its mobile application for its email service. The renovated app released Thursday, Oct. 15 … Read More
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