Verizon Wireless has announced that it is buying Yahoo in a deal which is worth $4.83 billion in cash, the deal is subject to customary closing adjustments.
Verizon and Yahoo are expected to complete the deal by the end of quarter one next year, this is of course subject to regulatory approval.
Verizon Communications Inc. (NYSE, Nasdaq: VZ) and Yahoo! Inc. (Nasdaq: YHOO) today announce they have entered into a definitive agreement under which Verizon will acquire Yahoo’s operating business for approximately $4.83 billion in cash, subject to customary closing adjustments.
Yahoo informs, connects and entertains a global audience of more than 1 billion monthly active users** — including 600 million monthly active mobile users*** through its search, communications and digital content products. Yahoo also connects advertisers with target audiences through a streamlined advertising technology stack that combines the power of their data, content and technology.
You can find out full details about the acquisition of Yahoo by Verizon over at the company’s website at the link below.
Source VerizonFiled Under: Technology News, Top News