Verizon to buy Yahoo's core business for $4.8 billion in digital ad push
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Verizon (VZ) Enters Agreement to Acquire Yahoo's (YHOO) Operating Business in $4.8B Deal
July 25, 2016 7:01 AM EDTVerizon Communications Inc. (NYSE: VZ) and Yahoo! Inc. (Nasdaq: YHOO) announce they have 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.
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,... More
