Report: Verizon is buying Yahoo for $5 billion
Jul24
Verizon is set to announce it will be buying Yahoo for $5 billion. According to Recode, terms have not been finalized, but Yahoo’s board has settled on Verizon as its new owner, which we all kind of saw coming. It’s Verizon’s latest move to become more than a carrier. Last year, it bought AOL for $4.4 billion — another move that had many scratching their heads. Yahoo is another odd purchase, but low-hanging fruit nonetheless. Services like Yahoo Sports and News are still well liked. Other Yahoo properties will likely be jettisoned once the new parent company takes over. It’s…
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