Oliver Willis

Report: Verizon Buying Yahoo For $4.8 Billion

Verizon is reportedly buying Yahoo for $4.8 billion, as the weakened Internet pioneer is finally sold off.

“Yahoo — home to all those email addresses you use for subscriptions you’d rather not have anyone else know about, and the Flickr account you probably haven’t updated since 2010 — will soon be under the same umbrella as former web 1.0 rival AOL, with multiple reports claiming that Verizon has agreed to acquire the ancient online operation for $4.8 billion.” [READ MORE]