Verizon buys Yahoo
 

Verizon has announced it is buying most of what people think is Yahoo for $5 billion.

The deal will end months of uncertainty about Yahoo’s future after the company announced plans to review strategic alternatives in February. Bloomberg first reported the deal would be announced on Monday for $4.8 billion which was pretty close.

The transaction would boost Verizon’s AOL internet business, which the company acquired last year for $4.4 billion, by giving it access to Yahoo’s advertising technology tools, as well as other assets such as search, mail, messenger and real estate.

http://www.techeye.net/business/verizon-buys-yahoo