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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.

13 of 70 comments (clear)

  1. 5bn? by Big+Hairy+Ian · · Score: 4, Insightful

    I wouldn't give you 5 bucks for Yahoo

    --

    Build a Man a Fire, and He'll Be Warm for a Day. Set a Man on Fire, and He'll Be Warm for the Rest of His Life.

    1. Re:5bn? by danbob999 · · Score: 5, Funny

      I wonder if they understand what $5 billion is, and that it is different from 5 billion cents http://verizonmath.blogspot.ca...

    2. Re:5bn? by phantomfive · · Score: 4, Interesting

      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."
  2. Verizon has $ to Burn by turkeydance · · Score: 3, Informative

    this is proof

  3. Re:Yahoo still exists? by Tough+Love · · Score: 4, Funny

    I still ping yahoo.com when I want to test my dns.

    --
    When all you have is a hammer, every problem starts to look like a thumb.
  4. Re:Yahoo's Core Internet Business by Anonymous Coward · · Score: 2, Interesting

    yahoo Finance (still one of the mostly used sites in finanace), Yahoo Mail (still used by many), Flickr, Albibaba...

  5. Exists as an Alibaba holding company. Plus mail by raymorris · · Score: 2

    The vast majority of Yahoo's value is the Alibaba stock the own. Owning Yahoo is an indirect way of owning Alibaba. Plus you own yahoo mail as a side dish.

    1. Re:Exists as an Alibaba holding company. Plus mail by CrashNBrn · · Score: 3, Informative

      Wrong. Yahoo is only selling its "core" business. This deal has absolutely zero to do with Yahoo's Alibaba stake.

  6. Re:Why? by tomhath · · Score: 3, Informative

    it seems to heavily imply that the value of Yahoo's stake in Alibaba would be the primary reason

    Verizon is only buying the internet part of Yahoo, not the Alibaba investment. They split that part out but don't want to sell it because of the capital gain tax burden.

  7. Re:leveraging mutual synergies by Tablizer · · Score: 2

    If "synergy" is the power of multiple top minds working together, then "suckergy" must be the multiplied suckage of two lame orgs merging.

  8. Re:Verizon is the devil by gtall · · Score: 2, Insightful

    You are giving the Republican party too much credit. Most of the money people hate Bam-Bam Trump and realize he's not worth the hairspray he uses. The Republican Party no longer exists. There is some decaying skeleton that Bam-Bam has picked up for a high-pitched dog whistle.

    The House Republicans are split among the Praise the Lord and Pass the Ammunition sector and the Cut Taxes and We'll All Be Rich Sector. The Senate Republicans are split between the same groups. Neither gives a flying rat's ass about Wall Street given that they wanted to screw them by denying any them any bailout funds. They also wanted to deny GM and Ford any as well, so you couldn't call them crony capitalists. And that moron from Alabama Richard Shelby, between bouts of Alzheimer's dementia, has holed up any funds for the Export-Import Bank on the grounds it might help American business compete in a world awash with state owned companies.

    The Golfer-in-Chief is no better, the TTCP allows that state owned companies are viable capitalist entities and allows foreign companies access to the American court system way beyond any access they currently have.

    By the way, most of the wealthy are not corrupt, get your head out of your 60's ass.

  9. Re:email - ATT - Yahoo! Spam by JohnFen · · Score: 2

    You're using the email address provided by your ISP? I honestly didn't think anyone was still doing that.

  10. Re:This sounds familiar by tnk1 · · Score: 2

    AOL actually bought Time Warner, not vice-versa.

    There was a coup where the TW execs basically took over after the fail began, but AOL was the bigger fish at the time.