Verizon Buys Yahoo for $4.83 Billion

Verizon Buys Yahoo for $4.83 Billion

Verizon announced this week that they officially bought Yahoo for roughly $4.83 billion. In February of this year, Yahoo announced they were exploring acquisition offers. Verizon will now consolidate Yahoo’s search, email, video, mobile, digital and advertising assets with it’s AOL entity. In 2015, Verizon acquired AOL for $4.4 billion which means Verizon will need to merge and combine the two companies’ assets and infrastructure.

On Monday, the press released stated:

The sale does not include Yahoo’s cash, its shares in Alibaba Group Holdings, its shares in Yahoo Japan, Yahoo’s convertible notes, certain minority investments, and Yahoo’s non-core patents (called the Excalibur portfolio).

Marissa Mayer, chief executive officer, Yahoo said,

Yahoo is a company that has changed the world, and will continue to do so through this combination with Verizon and AOL. 

Yahoo has an audience of more than 1 billion users around the world, including 600 million on mobile and 225 million monthly active users on Yahoo Mail. A few potential buyers include AT&T, a private equity group led by TPG, and an investor group led by Dan Gilbert of Quicken Loans.

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