- Re/code, Friday, July 22, 2016 1:27 PM
Verizon is nearing a deal to buy Yahoo’s core business for about $5 billion, Recode reports, citing sources. “The telco giant has long been considered the favorite to buy Yahoo’s
internet assets, which it wants to combine with AOL, which it bought last year for $4.4 billion,” Recode writes. “Part of Verizon’s pitch to Yahoo’s board is that it is the
logical choice, since it is already operating a similar business.”
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