Verizon Has Bought Yahoo For $4.8 Billion, Here Are The Details

is now official; Verizon in its bid for the company, once the world’s giant companies have been on the Internet and Yahoo reached an agreement.

Yahoo acquisition will cost Verizon’s $ 4.8 billion in cash, the company will take over the daily operations of the day Yahoo, once the deal has been transacted. This is not entirely surprising about the network to buy Yahoo rumors and tips have been flowing around.

Yahoo CEO Marissa Mayer, where Verizon has said the acquisition a year ago – – how to deal with her on the Verizon and AOL view will help to enhance the role of the company in a number of key areas:

Yahoo is a company that has changed the world, and will continue with such a combination of Verizon and AOL do so. Our business effectively separate the sale of our equity assets in Asia, our plan is to unlock shareholder value as an important step in Yahoo. The deal also provided for the establishment of further allocation Yahoo and accelerate our good opportunities in mobile, video, local advertising and social work.

Here, although Verizon will acquire is worth noting that Alibaba like Yahoo’s assets, the company’s equity giant headquartered in some Asian operations will not be under the Verizon umbrella future assets.

Verizon Chairman and CEO, Lowell said the move will help the company become relevant market as a top media companies bigger competitors.

Just a year ago, we acquired AOL, to enhance our strategy to provide consumers, creators and advertisers horizontal screen connection. Yahoo’s acquisition will enable Verizon company in the competitive position as the world’s top mobile media company, and help accelerate our digital advertising revenue.

Of course, the deal is subject to regulatory approvals as well as approval from Yahoo shareholders. Expected in the first quarter of 2017, the company will continue as a separate entity to operate.

historical purposes, it is worth remembering that Google refused to buy Yahoo $ 100 million US dollars, as early as 1998 and 2002, perhaps realizing its error, Yahoo Google to provide $ 3 one billion acquisition, Google’s owners want $ 5 billion, but Yahoo rejected. In 2008, Microsoft offers $ 40 one billion buy Yahoo, but Yahoo rejected the offer. Today, Yahoo has just sold to Verizon’s $ 4.8 billion. Yahoo was once worth more than one billion $ 125

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Verizon Has Bought Yahoo For $4.8 Billion, Here Are The Details