Ending months of byzantine scenarios, Yahoo! has been sold to Verizon.
The price tag is a not-so-whopping $4.8 billion dollars, a far cry from its heyday value of more than $125 billion.
According to Bloomberg, the sale of the Yahoo! core assets to Verizon will be announced tomorrow Monday, before the stock markets open up.
Yahoo! retains its $40 billion stake in the Chinese online retailer giant, Alibaba.
How relative is Yahoo! to domain searches these days?
Google is by far the biggest search engine, and after Yahoo! dropped its online directory, it commanded fewer visits; still, Yahoo! retained a healthy share market in the online advertising business.
Does the acquisition of Yahoo! by Verizon mean we’ll be spammed non-stop to switch over from other phone carriers? 😀
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