Verizon to Buy Yahoo For Chump Change

Tomorrow morning, Verizon will announce their plan to buy Yahoo’s core assets for a pitiful $ 4.8 billion according to “two people with direct knowledge of the situation,” Bloomberg reports. Considering that at the peak of their success, Yahoo was valued at $ 125 billion, this is yet another benchmark moment in the company’s fall from grace. In 2008, the company rejected Microsoft’s offer to buy them for $ 44 billion.

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