- American City Business Journals•35 minutes ago
After months of speculation, Verizon confirmed on Monday that it will acquire Yahoo’s core internet business and some of the company’s real estate for $4.8 billion. Yahoo CEO Marissa Mayer said in a blog ...
- American City Business Journals•2 hours ago
After a weekend of buzz that a deal was imminent, Verizon Communications confirmed on Monday that it plans to acquire the Web assets of Yahoo as part of a $4.83 billion cash transaction that will end the Sunnyville, California-based Internet pioneer’s long reign of independence. It also means that New York City-based Verizon (VZ) will bulk up its media assets, which include AOL, the media company it acquired as part of $4.4 billion deal announced last May. That deal brought titles such as The Huffington Post, TechCrunch and AOL.com into the Verizon fold. In a press release, the company said that the transaction will create “a new rival in mobile media technology,” given Yahoo’s global audience of 1 billion monthly active users, including 600 million monthly active mobile users.
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