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Verizon Agrees to buy Yahoo For $4.83 billion – Merge it with AOL

verizon-yahoo
Written by Naveen Puli
Verizon Agrees to buy Yahoo For $4.83 billion

Image source: TechCrunch

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:

The acquisition of Yahoo will put Verizon in a highly competitive position as a top global mobile media company, and help accelerate our revenue stream in digital advertising

Yahoo CEO Marissa Mayer said,

Today is a big day for Yahoo. For me personally, I’m planning to stay. I love Yahoo, and I believe in all of you. It’s important to me to see Yahoo into its next chapter

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.

yahoo-verizon

When the bidding began in April, Verizon was the immediate front-runner with a market capitalization of roughly $228 billion.

The 2 companies said, Yahoo will continue as an independent company until the deal receives shareholder and regulatory approval.

About Yahoo

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.

Founded: 1994

Headquarters: Sunnyvale, California, U.S.

Industry: Internet and Computer software

CEO: Marissa Mayer

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About the author

Naveen Puli

Naveen is a CEO and Founder of Effective Information. Also, he is a Blogger, Freelance Writer, Graphic Designer, and Internet Marketer. Passionate about his work, always trying to learn new things and implement them in a proper way.

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