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July 26, 2016

Verizon is ‘unleashing Yahoo's full potential'

  • Verizon is buying Yahoo's online operations and its real estate for $4.83 billion.
    • By MICHAEL LIEDTKE and TALI ARBEL
    AP Technology Writers

    SAN FRANCISCO — Seeking a wider digital audience, Verizon is buying Yahoo for $4.83 billion in a deal that marks the end of an era for a company that defined much of the early internet but struggled to stay relevant in an online world dominated by Google and Facebook.

    It's the second time in as many years that Verizon has snapped up the remnants of a fallen internet star. The nation's largest wireless carrier paid $4.4 billion for AOL last year. The two brands will be rolled into the same operation.


     
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