Slashdot Mirror

← Back to Stories (view on slashdot.org)

Verizon Nears Deal to Acquire Yahoo (bloomberg.com)

Posted by msmash on from the big-whale-small-whale dept.

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.

7 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: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.

  5. 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.