Verizon expected to buy Yahoo for $5 billion

By REUTERS
July 25, 2016 04:32

Telecommunications giant Verizon is expected to announce a $5 billion dollar deal to purchase Yahoo.

A source familiar with the matter says the announcement is expected to come before the start of trading in New York on July 25.

This brings some clarity following months of uncertainty about Yahoo's future, after the company in February said it was weighing strategic alternatives.


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