Verizon announces the acquisition of Yahoo in exchange for 4.83 billion dollars

Jul

26

2016

Verizon Verizon company officially announced on Monday its approval of the acquisition of a subsidiary of Yahoo Web sector compared to 4.83 billion US dollars in cash, in an effort to strengthen its presence in the field of e-content with saving Yahoo.

Under the deal, which will be early next year, is planning a giant American Communications, which also owns the famous Internet company AOL, Yahoo annexation of products, including a search engine, and the telecommunications sector, and digital content, as well as advertising services.

The deal does not include Yahoo shares amounting to 15% in the Chinese e-commerce giant Alibaba and stakes in the company, “Yahoo Japan” Yahoo Japan, which amount to 35.5%.

Verizon plans to integrate Yahoo services acquired with AOL Inc. under Walden Marni management, executive vice president and head of product innovation and a section of new business has, but for the director of Yahoo’s executive Marissa Mayer, has stated that they plan to stay in the company, but does not know what is the position he be occupied after the deal.

Referred to today’s deal represents the largest decline in the history of Internet companies, with Yahoo’s value was estimated in the month of January 2000 by more than $ 125 billion, Microsoft has offered a $ 45 billion takeover in 2008.

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