Monday, 20 November 2017

Verizon announces $4.83bn Yahoo buy

By Mary Lennighan, Total Telecom
Monday 25 July 16

U.S. telco to merge Yahoo with recently-acquired AOL unit; Yahoo to retain Asian assets, change its name when deal closes.

Verizon has brokered a deal that will see it acquire Yahoo's operating business for $4.83 billion in cash, it announced early on Monday afternoon, as expected. The U.S. telco said it will merge Yahoo with AOL – the Internet company it acquired for $4.4 billion in June last year – to create a major player in the mobile media and advertising space…

Verizon has brokered a deal that will see it acquire Yahoo's operating business for $4.83 billion in cash, it announced early on Monday afternoon, as expected. The U.S. telco said it will merge Yahoo with AOL – the Internet company it acquired for $4.4 billion in June last year – to create a major player in the mobile media and advertising space…

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