Verizon is buying Yahoo for around $5 billion

Verizon is buying Yahoo for around $5 billion

The sale puts an end to Yahoo’s 21-year history as an independent company.

Marissa Mayer, chief executive of Yahoo, said: “Yahoo is a company that has changed the world, and will continue to do so through this combination with Verizon and AOL.”

Yahoo Timeline

  • 1994 Yahoo – which stands for Yet Another Hierarchically Organized Oracle – is founded
  • 2016 Verizon agrees $4.8bn deal to buy Yahoo
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