Verizon to Pay $4.8 Billion for Yahoo’s Core Business

July 24, 2016 7:38 PM

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Verizon to Pay $4.8 Billion for Yahoo’s Core Business

SAN FRANCISCO — Yahoo was the front door to the web for an early generation of internet users, and its services still attract a billion visitors a month.

But the internet is an unforgiving place for yesterday’s great idea, and on Sunday, Yahoo reached the end of the line as an independent company.

Also read: China suspends approval of new internet micro loan firms: sources

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