You are here

Verizon said to be near deal to acquire Yahoo

Takeover could be worth close to US$5b and both firms are hoping to announce a deal as early as this week, source says

BT_20160725_VERIZON25_2402366.jpg
Yahoo would bring in a huge amount of additional news, sports and finance content - and the one billion people a month who visit Yahoo services - and would offer Verizon another set of sophisticated ad technologies.

New York

THE end of Yahoo as an independent company may be near, and Verizon - long considered the leading contender to buy the ageing web pioneer - is the most likely acquirer.

The two companies are in advanced talks over a takeover of Yahoo that could be worth close to US$5

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom