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Verizon is buying Yahoo's core internet business in a $4.8 billion deal

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Mon, 25 Jul 16 5:02 PM | 44 view(s)
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Verizon is buying Yahoo's core internet business in a $4.8 billion deal, ending a 22-year run for one of the web's pioneers
Monday, July 25, 2016 7:24 AM EDT

The deal, which was reached over the weekend, unites two titans of the early internet, AOL and Yahoo, which were surpassed by Google and Facebook long ago and struggled to compete on their own. Verizon bought AOL for $4.4 billion last year and intends to pair it with Yahoo’s content and advertising services to create a stronger No. 3 challenger.
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