$5 Billion Verizon And Yahoo Deal To Be Announced Monday

Posted: Jul 24 2016, 9:40am CDT | by , Updated: Jul 25 2016, 8:39am CDT, in News | Latest Business News


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$5 Billion Verizon and Yahoo Deal to Be Announced Monday
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Verizon is reportedly entering an exclusive $5 billion deal with Yahoo.

Yahoo is on the auction block and according to a new report, the winning bidder is Verzion. Recode reports that Yahoo has told other bidders that Verizon is the winner in a $5 billion deal.

Update: Verizon announced $4.8 Billion Yahoo deal.

Other interested parties that have been engaged in the four months long negotiations have been private equity firm TPG and a group led by Quicken Loans’ Dan Gilbert.

The timing of the deal announcement is likely Monday or latest on Tuesday, when Verizon is announcing its quarterly earnings. Verizon is already big in the content game with the aquisition of AOL for $4.4 billion. Somehow the $5 billion for Yahoo do not sound that high.

There are no details yet about the details of the Yahoo Verizon deal.

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Manfred "Luigi" Lugmayr () is the founding Chief Editor of I4U News and brings over 25 years experience in the technology field to the ever evolving and exciting world of gadgets, tech and online shopping. He started I4U News back in 2000 and evolved it into vibrant technology news and tech and toy shopping hub.
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