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Verizon to purchase Yahoo for $4.8 Billion USD

on July 26, 2016 | Yahoo | Comments (0)

yahoo-logo-2016-200x200Verizon – a large US telecommunications provider has agreed to acquire the main aspects of the Yahoo business for $4.8 Billion USD.

Last year Verizon purchased AOL, which will now have key business units merged with Yahoo – while the websites will still operate independently.

This seems like a good price for Verizon as Yahoo in its prime was valued at greater than $125 Billion USD.

Today Yahoo still attracts over 1 billion monthly active users and 600 million monthly active mobile users.

However Yahoo is not selling all their assets to Verizon – they will keep their stake in Chinese ecommerce giant – Alibaba, and they will also keep Yahoo Japan which is the number 2 most visited website in Japan. A number of patents will also be kept.

Back in 2008 you may remember Microsoft made a bid to buy Yahoo for $US44.6 Billion, however the deal was rejected.

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David Correll : Editor and Founder of SocialMediaNews.com.au. I also run a Social Media Agency where I do consulting work and Social Media Management. Connect with me: Twitter | LinkedIn | Facebook or contact me here. Alternatively, you can send me an email at david@socialmedianews.com.au




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