Yahoo chief: ‘It’s poetic to be joining forces with AOL and Verizon’
In a recent letter to employees, Marissa Mayer painted a positive outlook on the $4.8B deal.
On Monday, Verizon announced that it is buying Yahoo for roughly $4.83 billion. The sale comes just over a year after the broadband telecommunications company bought AOL for $4.4 billion.
As with any major takeover, the acquisition will need to be given approval by regulators, but also Yahoo’s shareholders — the people who have been waiting for Marissa Mayer to “unlock” Yahoo’s inherent value. Verizon expects the deal to close in the first quarter of next year, with Yahoo continuing to “offering and improving its own products and services for users, advertisers, developers and partners” in the meantime.
Although Verizon will own Yahoo’s “content brands” and “technology assets,” including Brightroll, Gemini and Flurry, Verizon wrote the following in a statement:
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