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Monday, July 25, 2016

Verizon To Acquire Yahoo’s Operating Business for Approximately $4.83 Billion

Verizon to acquire Yahoo's operating business

Transaction will create a new rival in mobile media technology reaching over 1B users* with a roster of the world's most beloved brands

BASKING RIDGE, N.J., and SUNNYVALE, Calif., July 25, 2016 /PRNewswire/ -- 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

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