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Nairaland Forum / Entertainment / Celebrities / After Rejecting Microsoft’s $45billion, Yahoo To Sell To Verizon For $4.8billion (391 Views)
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After Rejecting Microsoft’s $45billion, Yahoo To Sell To Verizon For $4.8billion by Goldenzeneth: 5:19pm On Jul 26, 2016 |
Tech company, Verizon, announced on Monday that it’s buying Yahoo’s core internet business for $4.83 billion in cash. The deal, which was reached over the weekend, unites two titans of the early internet, AOL and Yahoo, under the umbrella of one of the nation’s largest telecommunications companies Verizon bought AOL for $4.4 billion last year. Verizon plans to keep most of Yahoo’s current products, including its still popular email service, and invest in them to make them stronger. However, Verizon has not yet decided what it wants to do in search, an area where Yahoo has waged a losing fight against Google for a decade. In 2008, Microsoft (MSFT, Tech30) was willing to pay more than $45 billion for Yahoo, To continue click here http://goldenzeneth..com/2016/07/after-rejecting-microsofts-45billion.html?m=1
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