Verizon agrees to buy Yahoo for $4.83 billion

Jul 25 2016 by The Verge

 

Verizon today announced that it plans to acquire Yahoo for $4.83 billion, confirming a deal that was first reported last week. In a press release, the internet service provider said that Yahoo will be integrated with Aol, which Verizon acquired last year for $4.4 billion.

Under the deal, Verizon will acquire Yahoo's online brands and email service, which has around 225 million monthly active users worldwide. In addition to Yahoo's than 1 billion users, Verizon will gain the web...

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