Yahoo Bought Over By Verizon.

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Verizon has agreed to pay $4.83 billion for Yahoo (YHOO, Tech30), the companies said before markets opened Monday.

The sale completes Yahoo’s evolution from influential search pioneer and web portal juggernaut to, in the end, a once-dominant brand that lost its way.

Many parties including, Warren Buffett and The Daily Mail were interested in buying Yahoo. But after a sale process that dragged on for months, Verizon (VZ, Tech30), long viewed as the frontrunner, is walking away with Yahoo’s more than one billion monthly active users.

Daily Telegraph.

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