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US: Yahoo may be joining Verizon

By  |  July 24, 2016

The end of Yahoo as an independent company looks to be near, and Verizon — long considered the leading contender to buy the aging web pioneer — is the most likely acquirer. The companies are hoping to make an announcement this week.

Any transaction would be for Yahoo’s core internet business and it remains unclear whether a deal would also include other assets such as real estate or patents.

When Yahoo finally began exploring a sale of its core business — a sprawling collection including its sports and news sites, search engine, email and the social network Tumblr — Verizon was considered the front-runner by analysts and investors.

No final deal has yet been reached and the talks may still falter or one of the other finalists in the Yahoo auction process could also re-emerge with a higher bid.

Full Content: The New York Times

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