Monday, July 25, 2016

Verizon Buys Yahoo for $4.8bn

US telecom giant Verizon is buying Yahoo's core Internet business for 4.8 billion dollars in cash.

The deal will bring Verizon Yahoo's billion monthly active users, at a price well below the 44 billion Microsoft offered for the company back in 2008.

Lorna Shaddick reports.

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