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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.
Codrut Nistor,
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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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Codrut Nistor
Codrut Nistor - Senior Tech Writer - 5461 articles published on Notebookcheck since 2013
In my early school days, I hated writing and having to make up stories. A decade later, I started to enjoy it. Since then, I published a few offline articles and then I moved to the online space, where I contributed to major websites that are still present online as of 2021 such as Softpedia, Brothersoft, Download3000, but I also wrote for multiple blogs that have disappeared over the years. I've been riding with the Notebookcheck crew since 2013 and I am not planning to leave it anytime soon. In love with good mechanical keyboards, vinyl and tape sound, but also smartphones, streaming services, and digital art.
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Codrut Nistor, 2016-07-25 (Update: 2016-07-25)