Finally, Yahoo has agreed to sell its operations to Verizon, putting an end to its autonomous status since the infancy of Internet. According to the experts, there are many reasons behind the sold out of Yahoo, and losing its market is one of them. According to the sources, Verizon, an American telecom giant, has spent $4.83-billion to take over Yahoo. The Internet giant company is expected to run as an independent entity by the end of first quarter of 2017.
According to the deal, Verizon would own the Yahoo’s key subsidiaries including Yahoo mail, Yahoo news website and some patents. These services are expected to be closed by the new owner, however, some tech experts are hoping to see new feature adding to them, instead.
But Verizon will not buy Yahoo’s shares in Alibaba Group and Yahoo Japan, meaning that they would be public traded companies after the deal closes.
Prior to Yahoo, Verizon has acquired AOL, another Internet giant and the contemporary of Yahoo.
There was no official comments regarding the deal hasn’t been issued from both Yahoo and Verizon. However, Yahoo’s CEO Marissa Mayer is looking forward with the acquisition as she said, “Yahoo is a company that changed the world. Now we will continue to, with even greater scale, in combination with Verizon and AOL.”
Yahoo was founded in 1994 and is one of the pioneers since the starting of Internet. The company was started as the website directory services before being established itself on the dominant position in mail and advertising