Internet Company Yahoo finally found a buyer after many layoffs and long bidding process. Verizon Agrees to buy Yahoo For $4.83 billion – Merge it with AOL. Verizon already has AOL, Techcrunch, and other big brands.
After a drawn-out process, Yahoo finally knows its fate, which means the end of independence for one of the web’s earliest stars.
About Version Communications:
Overview: Verizon Communications is a broadband and telecommunications company operating 4G LTE network, 3G network, and information and entertainment services. It is a Dow 30 company that employs a diverse workforce of more than 180,000 dedicated employees around the world.
Founded : 1983
Categories: Information Technology, Mobile, Communications Infrastructure
Verizon Agrees to buy Yahoo For $4.83 billion – Merge it with AOL
These two companies made the announcement on Monday after a months-long bidding. U.S. largest wireless company Verizon will merge Yahoo with AOL. So Verizon is becoming a collector of big brands all over the world. Last year this company bought AOL for $4.4 billion.
Verizon CEO Lowell McAdam said in a statement:
Yahoo CEO Marissa Mayer said,
Verizon EVP and President of the Product Innovation and New Businesses organization Marni Walden is going to lead the process. Later Yahoo will be integrated with AOL. This deal makes the end of Yahoo 20 years of independence as a 2nd Internet company.
The 2 companies said, Yahoo will continue as an independent company until the deal receives shareholder and regulatory approval.
Overview: Yahoo Inc. (simply as Yahoo!, styled as YAHOO!) is an American multinational technology company headquartered in Sunnyvale, California. It is globally known for its Web portal, search engine Yahoo! Search, and related services.
Headquarters: Sunnyvale, California, U.S.
Industry: Internet and Computer software
CEO: Marissa Mayer