The END of Yahoo !

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Verizon is buying Yahoo’s core business for $4.8 billion



Verizon Communications Inc. ( American broadband telecommunications company and the largest U.S. wireless communications service provider.) is buying  Yahoo’s core business for $4.83 billion after long sale process.






Buying Yahoo's operations will boost Verizon's AOL (America Online)  internet business, which it bought 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 and messenger.

It's a cheap price what Verizon is paying for such a famous social service like Yahoo.

"The sale of our operating business, which effectively separates our Asian asset equity stakes, is an important step in our plan to unlock shareholder value for Yahoo," Yahoo Chief Executive Marissa Mayer said in a statement on Monday.



The deal marks the end of Yahoo as an operating company, leaving it with a 15% stake in Chinese e-commerce company Alibaba Group Holding and a 35.5% interest in Yahoo Japan Corp, two overseas companies that have long dwarfed Yahoo in size.

Flickr and Tumblr, two of Yahoo’s mainstays, are also questionable buys. Both had hefty pricetags, and neither have done much for Yahoo’s bottom line. In its recent earnings, Yahoo again wrote down a large chunk of its Tumblr spend, suggesting it was having trouble monetizing its social layer.

And perhaps because of this, Verizon is reportedly not interested in keeping Mayer around. AOL boss Tim Armstrong is expected to take over leadership of Yahoo.



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