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Verizon Nears Deal to Acquire Yahoo (bloomberg.com)
Verizon Communications is nearing a deal to buy Yahoo, Bloomberg reports, citing people familiar with the matter. While nothing is official yet, the publication claims that Verizon is discussing a price close to $5 billion for Yahoo's core Internet business. The report adds that Yahoo's patents are not part of the discussion, and it's unclear whether the two companies are considering Yahoo's real estate. "The companies may be ready to announce the deal in the coming days, the people said," the report adds. Interestingly, CNBC, citing its own sources, is independently reporting the same thing.
Yahoo provides content. Verizon uses data caps to restrict access to services while zero rating their own offerings. It's just another way to engage in anticompetitive practices. Corporate executives spend most of their time inventing new and nastier ways to screw over consumers. And that's what the Republican party is about these days, claiming to support common people while truly and steadfastly being in the back pockets of the rich and corrupt. Unfortunately, calling out the wealthy, who are always corrupt, is blasphemy here on Slashdot, where Elon Musk is worshiped as a god. Therefore I'll be modded to -1 for telling it like it is.
yahoo Finance (still one of the mostly used sites in finanace), Yahoo Mail (still used by many), Flickr, Albibaba...
Verizon recently bought AOL, too. Verizon's goal is to build a video ad network that rivals Google's and Facebook's. So now if you ever had an account at Yahoo or AOL (or Huffington Post or any of the other numerous web properties owned by AOL), Verizon has your info too. And they can sell it to advertisers, and combine it with your phone account information.
"First they came for the slanderers and i said nothing."