Verizon set to buy Yahoo! for USD 4.8 bln - report

Nieuws Breedband Wereld 25 JUL 2016
Verizon set to buy Yahoo! for USD 4.8 bln - report
Verizon has won the bidding to buy Yahoo!'s web assets for USD 4.8 billion, Bloomberg reports. People with direct knowledge of the situation said the deal will be announced soon. 

The acquisition includes Yahoo real estate assets, while some intellectual property is to be sold separately, the report said. Yahoo will be left with its stakes in Alibaba Group and Yahoo Japan, with a combined market value of about USD 40 billion. 

Verizon is expected to leave much of the Yahoo web properties in place. The takeover will double the size of Verizon’s digital advertising business, which already includes AOL, placing it in a distant third behind Google and Facebook in the market. 

Categories:

Internet

Companies:

Verizon,  Yahoo!,  Alibaba,  Yahoo Japan

Regions:

Wereld

Tags:

Portals / social media, Advertising services, M&A buyouts & divestments

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