Verizon Formally Announces $4.8b Deal To Buy Yahoo

Phone giant Verizon will blend Yahoo, one of the Internet’s oldest and best-known properties, with AOL — which it bought last year — as part of a $4.83 billion deal the companies announced this morning. They expect the agreement to close by early 2017, following approvals by shareholders and antitrust officials. It would leave Verizon with more than 25 internet brands including Yahoo’s assets in mail, social media platform Tumblr, news, lifestyle media, and entertainment…

Topics:  verizon   internet s   aol   yahoo s   tumblr   deal   media   

 

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