Verizon Agrees to Purchase Yahoo for $4.83 Billion

    Yahoo has agreed to sell its core business to Verizon for $4.83 billion. As part of the deal, Verizon will acquire Yahoo’s search, mail, instant messaging services, ad platform, and a few real estate holdings. The move puts Verizon behind Google and Facebook in the U.S. digital ad segment, with a total share of 4.5%.
    • July 31, 2016
    verizon yahoo

    Yahoo has agreed to sell its core business to Verizon for $4.83 billion. As part of the deal, Verizon will acquire Yahoo’s search, mail, instant messaging services, ad platform, and a few real estate holdings. The move puts Verizon behind Google and Facebook in the U.S. digital ad segment, with a total share of 4.5%.

    verizon-yahoo

    Yahoo will retain its stake in Chinese internet giant Alibaba and Yahoo Japan, which have a combined value of over $40 billion. CEO Marissa Mayer isn’t likely to join Verizon, but she will receive a severance package valued at $57 million.

    View the release here

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    Eugene O’Rourke is recognized as one of the top 40 executives under the age of 40 by the Jacksonville Business Journal, marketing executive of the year by the Best in Biz awards, recipient of the BizTech Innovation award, and several Horizon Interactive Media awards.

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