It looks like Verizon Wireless will be the new owner of Yahoo, the deal between the two companies is expected to be made official today.
According to a recent report, Yahoo has told older companies who were looking to buy them that Verizon has won the bid.
Verizon will apparently pay $5 billion ti acquire Yahoo, this has to be approved by the regulators and also the company’s shareholders.
It is not clear as yet on exactly what the terms of the deal between the two companies are, whether it will include all of Yahoo’s assets.
We will have more details on exactly what is involved in the deal between the two companies when it is made official later today. Yahoo CEO Marissa Mayer is not expected to stay on at the company after the deal goes through.
Filed Under: Technology News, Top News