Verizon Acquires Yahoo For $4.8 billion In All-Cash Deal

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Yahoo, one of the biggest Internet services companies of yesteryears, has been acquired by US telecom major Verizon for $4.83 billion in an all-cash deal. While the acquisition is being seen by many analysts as the end of the road for the Internet pioneer, users and fans are hoping for a magical revival of its glorious past.

“Yahoo has been very weak in India and so are Verizon and AOL. So, the revenue impact of the acquisition will be negligible,” said Sanchit Vir Gogia, Chief Analyst and CEO, Greyhound Research.

Source: The Hindu Business Line

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