Verizon to acquire Yahoo for $4.83 bn

Verizon Communications has entered into a definitive agreement under which Verizon will acquire Yahoo’s operating business for approximately $4.83 billion in cash, subject to customary closing adjustments.

The transaction will create a new rival in mobile media technology reaching over 1 billion users with an unrivaled roster of the world’s most beloved brands.

Yahoo informs, connects and entertains a global audience of more than 1 billion monthly active users including 600 million monthly active mobile users through its search, communications and digital content products. Yahoo also connects advertisers with target audiences through a streamlined advertising technology stack that combines the power of their data, content and technology...Read More