Verizon Wins The Bid, Buys Yahoo For $4.8 Billion
The sale follows Verizon's purchase of AOL in 2015.By Lindsey Pulse | July 25, 2016
Verizon Wireless just bought Yahoo for approximately $4.8 billion.
The telecommunications giant announced the merger Monday after several months of negotiations.
The deal will include Yahoo's core internet operations like advertising, content, and mobile capabilities but will will leave its shares in the Chinese retail company Alibaba and Yahoo Japan untouched.