Monday, July 25, 2016

Almost Done: Verizon All Set To Acquire Yahoo In a $5 Billion Deal

After so many rumors about the impending sale of Internet giant Yahoo, the deal is getting closer to be finalized as Verizon stepped up their game to buy Yahoo with a deal worth $5 billion.

While the deal is reportedly finalized, an official announcement is yet to be made but there are every indications it will be made today or later.

It might interest you to know that other bidders - including a group led by Quicken Loans’ Dan Gilbert and private equity firm TPG - have been told about the outcome of this long awaited negotiations. Meanwhile, the terms of the deal are yet to be revealed.

source

The main person that seems to be affected most is the current Yahoo CEO Marissa Mayer as he will be replaced by AOL boss Tim Armstrong after completion of the deal.

2 comments:

  1. I'm always surprised whenever i see big firms being sold out and i then ask myself, what's actually the rationale behind this deal

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  2. I'm always surprised whenever i see big firms being sold out and i then ask myself, what's actually the rationale behind this deal

    Only time will tell

    ReplyDelete