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Verizon buys Yahoo's core business for US$4.8b
Published Mon, Jul 25, 2016 · 09:50 PM
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New York
VERIZON Communications Inc said on Monday that it will buy Yahoo Inc's core Internet properties for US$4.83 billion in cash to expand its digital advertising and media business, ending a lengthy sale process for the fading Web pioneer.
The purchase will boost Verizon's AOL Internet business, which it bought last year for US$4.4 billion, as it gains access to Yahoo's ad technology tools, BrightRoll and Flurry, and search, mail and messenger assets.
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