HardOCP News
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It looks like all those rumors about Verizon buying Yaho's core business turned out to be true. Verizon is plopping down $4.83 billion Yahoo's core business, slightly more than the $4.4 billion it paid for AOL last year.
Verizon Communications Inc (VZ.N) said Monday it would buy Yahoo Inc's (YHOO.O) core internet properties for $4.83 billion in cash to expand its digital advertising and media business, in a deal that ends a lengthy sale process for the fading Web pioneer. The purchase of Yahoo's operations will boost Verizon's AOL internet business, which it bought last year for $4.4 billion, and give it access to Yahoo's ad technology tools, BrightRoll and Flurry, and assets such as search, mail and messenger.
Verizon Communications Inc (VZ.N) said Monday it would buy Yahoo Inc's (YHOO.O) core internet properties for $4.83 billion in cash to expand its digital advertising and media business, in a deal that ends a lengthy sale process for the fading Web pioneer. The purchase of Yahoo's operations will boost Verizon's AOL internet business, which it bought last year for $4.4 billion, and give it access to Yahoo's ad technology tools, BrightRoll and Flurry, and assets such as search, mail and messenger.