Verizon agrees to buy Yahoo for $4.83 billionYahoo has agreed to sell its core business to Verizon for $4.83 billion, signaling an end to one of the internet's most pioneering companies as a standalone entity.
Under the deal, Verizon will acquire Yahoo's search, mail and instant messaging services, along with its ad platform and a few real estate holdings. Yahoo's ad business and digital content services — including Yahoo Finance and Yahoo Sports — will be of significant value to Verizon as it looks to expand its offerings in this space following the acquisition of AOL last year for $4.4 billion. The move puts Verizon behind Google and Facebook in the U.S. digital ad segment, with a total share of 4.5%.
Yahoo will retain its stake in Chinese internet giant Alibaba and Yahoo Japan, which have a combined value of over $40 billion. CEO Marissa Mayer isn't likely to join Verizon, but she will receive a severance package valued at $57 million.
Verizon to acquire Yahoo's operating business
BASKING RIDGE, N.J., and SUNNYVA...
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Verizon agrees to buy Yahoo for $4.83 billion
