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Yahoo sold to US telecom giant Verizon
US internet firm Yahoo will be sold to American telecoms firm Verizon Communications for nearly $5 billion. Yahoo will be combined with AOL, another faded internet star, which Verizon bought last year.
By
migrator
migrator
San Francisco
The deal does not include Yahoo’s stake in Chinese firm Alibaba. Verizon said the deal for Yahoo’s core internet business, which has more than a billion active users, would make it a global player.
Marissa Mayer, chief executive of Yahoo, said, “Yahoo has changed the world, and will continue to do so.” Together they will have more than 25 brands, including Yahoo Mail, Flickr and Tumblr as well as AOL’s Huffington Post and Techcrunch news.
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