Verizon is buying Yahoo

Verizon is buying Yahoo

thTomorrow morning, Verizon will announce its plan to buy Yahoo’s core assets for a pitiful $4.8 billion according to “two people with direct knowledge of the situation,” Bloomberg reports. Considering that at the peak of its success, Yahoo was valued at $125 billion, this is yet another benchmark moment in the company’s fall from grace. In 2008, the company rejected Microsoft’s offer to buy it for $44 billion.

Complete article: Verzizon is buying Yahoo