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Verizon buys Yahoo for $5 billion

Yahoo corporate HQ, Verizon buys Yahoo for $4.8 billion
Yahoo's HQ
Back in February, Yahoo started to search for "strategic alternatives" and now this $5 billion worth deal has just become official.

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Earlier today, Verizon and Yahoo announced the largest corporate acquisition in the industry this year after the Microsoft and LinkedIn deal. According to the two industry giants, Verizon has to pay $4.83 billion to end Yahoo's 21-year history as an independent company.

Next to Verizon, the list of parties interested in acquiring Yahoo also included names like The Daily Mail and Warren Buffett. The current shareholders will keep the investments in Alibaba and Yahoo Japan, which will turn into a separate publicly traded company. Unfortunately, its name is not public yet, since the entire Verizon-Yahoo deal must be approved by regulators and should close in early 2017.

This is not the first acquisition of a company that made history for Verizon. In the past, they acquired AOL, as well as The Huffington Post. Although Yahoo had a few rough years recently, the company still has over one billion monthly active users.

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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2016 07 > Verizon buys Yahoo for $5 billion
Codrut Nistor, 2016-07-25 (Update: 2016-07-25)
Codrut Nistor
Codrut Nistor - News Editor
Although I have been writing about new software and hardware for almost a decade, I consider myself to be old school. I always enjoy listening to music on CD or tape instead of digital files and I will not even get into the touchscreen vs physical keys debate. However, I also enjoy new technology, as I now have the chance to take a look at the future every day. I joined the Notebookcheck crew back in 2013 and I have no plans to leave the ship anytime soon.