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  • American City Business Journals35 minutes ago

    Verizon's Yahoo acquisition is official, with Marissa Mayer on board for now

    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 Journals2 hours ago

    Verizon to acquire Yahoo assets for $4.83 billion, Mayer 'planning to stay'

    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 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.