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Verizon set to buy Yahoo! for USD 4.8 bln - report

2016-07-25 07:43:00| Telecompaper Headlines

(Telecompaper) Verizon has won the bidding to buy Yahoo!'s web assets for USD 4.8 billion, Bloomberg reports. People with direct knowledge of the situation said the deal will be announced soon. The acquisition includes Yahoo real estate assets, while some intellectual property is to be sold separately, the report said. Yahoo will be left with its stakes in Alibaba Group and Yahoo Japan, with a combined market value of about USD 40 billion.

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Category:Telecommunications

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