July 26, 2016 Comments Off on Verizon agrees to acquire Yahoo for $4.8 billion
Verizon Communications has agreed to acquire Yahoo for $4.8 billion. The deal is said to include Yahoo’s internet business and some real estate. The acquisition marks the incredible fall of one of the Internet’s most iconic companies that once had a market capitalization of more than $125 billion. Marissa Mayer is expected to stay following the acquisition, though it is unclear at this stage if she will remain as CEO. For Verizon, Yahoo is another addition to its growing digital media business that now includes TechCrunch, The Huffington Post, Moviefone, Weblogs, Inc., among others.
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