Verizon acquires Yahoo for $4.8 billion

Verizon acquires Yahoo for $4.8 billion

Verizon acquires Yahoo for $4.8 billion. The US wireless carrier has been expanding online content and advertising since last year’s AOL deal, and sees value in Yahoo’s billion users, even though other investors do not. The deal will be announced before markets open in New York.

Under the deal Verizon will get Yahoo’s online assets including search, mail and instant messaging, along with its ad technology. Various real estate holdings will also be included.

We hope they keep the name Yahoo!

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