Highest Bidder: Verizon beating out rival to acquire Yahoo Inc.

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Verizon Communications Inc. is nearing a deal to buy Yahoo! Inc., beating out rival bidders, people familiar with the matter said. In a report by Bloomberg, Verizon is discussing a price close to $5 billion for Yahoo’s core Internet business, one of the people said. The deal doesn’t include the company’s patents at this stage, […]