Verizon acquire Yahoo core business for $5 Billion

After a months-long bidding process and many layoffs, Yahoo has finally found a buyer. Verizon (which owns AOL, which owns TechCrunch) is officially acquiring Yahoo’s core business for $4.83 billion in cash, which includes Yahoo’s advertising, content, search and mobile activities. The deal does not include Yahoo’s valuable stake in Chinese firm Alibaba. The price […]

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

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, […]

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