Monday, July 25, 2016

Yahoo sold to Verizon, what a discount?

Verizon Communications Inc. will announce its plans to buy Yahoo! Inc. for about $4.8 billion on Monday, according to a person with direct knowledge of the situation.
The takeover is expected to be announced before the market opens, the person said, asking not to be identified because the information isn’t public. The deal includes Yahoo real estate assets, while intellectual property assets are expected to be sold separately, the person said.
Yahoo will keep its stakes in Alibaba Group Holding Ltd. and Yahoo Japan Corp.