Its official; Verizon has finally bought Yahoo for $4.5bn
The Yahoo shareholders approved it, and presumably the Verizon lawyers okayed it; the US telco finally has control of the former internet giant for a discounted $4.5 billion.
The new business unit, which will be named Oath, has a portfolio which contains the likes of HuffPost, Yahoo Sports, AOL.com, MAKERS, Tumblr, BUILD Studios, Yahoo Finance and Yahoo Mail. The objective of the unit will be to ‘build brands people love’, and if anyone can think of anything more generic please do le
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