After a weekend of buzz that a deal was imminent, Verizon Communications confirmed on Monday that it plans to acquire the Web assets of Yahoo as part of a $4.83 billion cash transaction that will end the Sunnyville, Calif.-based internet pioneer’s long reign of independence. That price tag is a long way down for the struggling Silicon Valley internet company, which was valued at more than $125 billion during the dot-com boom and has, amid pressure from its investors, been seeking to sell its assets…
from Charlotte Business News - Local Charlotte News | Charlotte Business Journal http://www.bizjournals.com/charlotte/news/2016/07/25/verizon-to-acquire-yahoo-assets-for-4-83-billion.html?ana=RSS%26s=article_search
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