We are reader supported. External links may earn us a commission.


Verizon and Yahoo said to be days from announcing $5 billion deal

By Jules Wang July 22, 2016, 5:14 pm

Verizon, which has been the leading horse out of five bidders to buy out Yahoo!, is said to be finalizing its acquisition of the multimedia company for $5 billion.

A source to Bloomberg said that we should see the deal announced in a few days. Verizon would be getting all of Yahoo’s real estate and internet assets. Intellectual property will be going to a separate buyer.

With this move, Verizon will expand its already-rich content bay — it picked up Engadget from its AOL acquisition, after all — with gains of Flickr, Tumblr, a stake in Chinese e-commerce site Alibaba and the Yahoo! News division. It will also have access to more and better ad vendors.


“This will expand Verizon’s advertising base by 200 million more visitors,” said Roger Entner, analyst with Recon Analytics.

Last week, Sprint’s owner, SoftBank, bought out UK-based processor giant ARM for $31 billion.

Source: Bloomberg


Latest Articles


Here's how the Apple iPod changed the world in 21 years

iPod was an industry-changing device at its time, and it had a massive impact on modern smartphones, and the way we listen to music. We take a last look at the now-discontinued Apple iPod and the history it leaves behind.

By Roland Udvarlaki May 11, 2022, 10:00 am

How to use Mic Modes in VOIP and FaceTime Calls

This guide will go over the steps you need to follow to activate one of the available Mic Mode settings on Apple Devices to begin using the feature and improve your calling experience.

By Aryan Suren May 10, 2022, 10:00 am

This iPhone 14 feature might urge users to upgrade

Until now, it appeared that iPhone 14 would only be a minor upgrade over the iPhone 13 series. However, a new leak suggests that the iPhone 14 will come with one feature that might urge users to upgrade.

By Sanuj Bhatia May 9, 2022, 5:00 am