Verizon buys Yahoo for $4.83 billion

image.jpg

It seems like rumors of Yahoo being sold started almost as soon as Marissa Mayer was hired away from Google to run Yahoo. After years of rumors, the sale of Yahoo has finally come to pass. 

 “Just over a year ago we acquired AOL to enhance our strategy of providing a cross-screen connection for consumers, creators and advertiser,” Verizon Chairman and CEO Lowell McAdam said in the release. “The acquisition of Yahoo will put Verizon in a highly competitive position as a top global mobile media company, and help accelerate our revenue stream in digital advertising.”

Check out this article at  Tech Crunch to learn more.