Jim K Global Moderator Posted July 24, 2016 Global Moderator Share Posted July 24, 2016 Quote Verizon's $4.8B Buyout of Yahoo is a Fraction of Yahoo's Former Value -- Market talk BY Dow Jones & Company, Inc. — 4:19 PM ET 07/24/2016 2019 GMT [Dow Jones] When Yahoo (YHOO) opened the bidding on its core internet business earlier this year, everyone said Verizon (VZ) was the most likely buyer. Fast forward a few months, and that's exactly what happened. The nation's largest phone company agreed to buy the struggling web pioneer for $4.8 billion -- a rounding error compared to Yahoo's (YHOO) $126.9 billion market cap back on January 3, 2000. Verizon (VZ) plans to plug Yahoo (YHOO) into its fledgling media business, which primarily consists of another faded giant, AOL. In combining AOL and Yahoo (YHOO), as well as Verizon's (VZ) own data from its more than 110 million phone customers, Verizon (VZ) hopes to build a challenger to online advertising giants Google (GOOG) and Facebook (FB) Link to comment Share on other sites More sharing options...
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