Monday, July 25, 2016

Verizon Announces $4.83 Billion Deal to Buy Yahoo

Verizon on Monday announced plans to acquire Yahoo for $4.83 billion.

The deal ends months of uncertainty about Yahoo's future after the company announced plans to review strategic alternatives in February. 

Bloomberg first reported the deal would be announced on Monday for $4.8 billion.

Reuters reported on Friday that Verizon had emerged as the front-runner in the Yahoo auction. 

Click here for the full article.

Source: NBC News

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