BusinessEnd Of An Era As Verizon Buys Yahoo For $4.8 Billion
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End Of An Era As Verizon Buys Yahoo For $4.8 Billion
Buying Yahoo's operations will boost Verizon's AOL internet business
The deal will give Verizon access to Yahoo's advertising technology tools
The deal marks the end of Yahoo as an operating company
Chief executive Marissa Mayer said she planned to stay at Yahoo.
New York: Verizon Communications Inc said on Monday that it would buy Yahoo Inc's core internet properties for $4.83 billion in cash, marking the end of the line for a storied Web pioneer and setting the stage for a big new internet push by the telecom giant.
Verizon will combine Yahoo's search, email and messenger assets as well as advertising technology tools with its AOL unit, which it bought last year for $4.4 billion. Verizon, ...