Verizon Communications Buys Yahoo for 4,8 Billion Dollars

Yahoo's future could be decided as early as Monday after reports it wants Verizon to acquire her in a $ 4,8 billion deal.

A publication from Bloomberg citing an inside source says that the deal will be announced before the opening of the and will radically change the course of Yahoo, which continues to collapse after many failed recovery efforts by many CEOs. Verizon Communications yahoo

Verizon is said to have won with its offer among numerous competitors such as private equity firm TPG, Quicken Loans, and AT&T.

By paying 4,8 for two dollars for Yahoo, Verizon has provided little more than what it had paid for AOL a year ago, and the market is aimed at enhancing the advertising and content offers of its telecoms company. Yahoo's Brightroll technology will probably be one of the cornerstones of this agreement.

Final proposals from potential buyers interested in Yahoo were scheduled to be submitted last week..

Yahoo first announced its plans to sell in February as part of an "offensive strategy plan," as outlined by the board.

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Written by Dimitris

Dimitris hates on Mondays .....

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