Jul
22
Verizon Said to Be Close to $5 Billion Deal for Yahoo
Posted in: Uncategorized
Verizon is nearing a deal to buy Yahoo, beating out rival bidders for the iconic web pioneer, people familiar with the matter said.
Verizon is discussing a price close to $5 billion for Yahoo’s core internet business, one of the people said and the deal doesn’t include the company’s patents at this stage. While other assets including Yahoo’s real estate were also on the block, it could not immediately be learned if they are part of the deal.
The companies may be ready to announce the deal in the coming days, but the agreement hasn’t been finalized and may still fall apart, the people said, asking not to be named because the deliberations are private. The two companies are in one-on-one discussions, one of the people said.
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