Verizon Communications acquires Yahoo for US $4.83 billion


Yahoo’s core business including advertising, content search and mobile activities is being acquired by Verizon Communications. Worth US $4.83 billion, this comes close on the heels of Verizon acquiring AOL. While the Yahoo acquisition will complete only in the first quarter of 2017, this helps Verizon climb to the top of global mobile media arena. Though Yahoo will be integrated with AOL to make it a larger advertising and media subsidiary, its stake in Alibaba and Yahoo Japan besides Yahoo’s patent portfolio, is not part of the acquisition.

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