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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
Published Sun, Jul 24, 2016 · 09:50 PM
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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 billion, a person briefed on the matter said on Friday.
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