Friday 29 July 2016

Verzion acquires Yahoo for $5 Billion



Verizon Communication announced the end of the long process of acquiring Yahoo's core business for $4.8 billion, the sale will unite Yahoo with AOL,the first web portal Verizon bought last year for $4.4 billion.The United States’ largest wireless provider is betting nearly $10 billion that combining the two formerly dominant websites will give it an edge in mobile content and advertising technology it can leverage across its more than 140 million subscribers

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