8 years ago
Verizon 'agrees $5bn Yahoo deal'
US telecoms giant Verizon Communications is to buy Yahoo's search and advertising operations for $5bn (£3.8bn), according to media reports. The two firms were reported on Friday to be in exclusive talks over a possible deal. US internet firm Yahoo announced in February that it was looking at "strategic alternatives" for its core internet business. Verizon declined to comment on the reports. A formal announcement is expected on Monday before US markets open for trading.
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