x

Society

Verizon Buys Yahoo for $4.83 Billion

SAN FRANCISCO — Verizon is buying Yahoo for $4.83 billion, marking the end of an era for a company that once defined the Internet.

The sale announced July 25 marks the second time in two years that Verizon has snapped up the remains of a fallen Internet star as it broadens its digital reach. The nation’s largest wireless carrier paid $4.4 billion for AOL last year.

Verizon won the Yahoo bidding after a five-month auction.

Yahoo Inc. is parting with its email service and websites devoted to news, finance and sports in addition to its advertising tools under pressure from shareholders fed up with a steep downturn in the company’s revenue during the past eight years.

The deal is expected to close in 2017’s first quarter.

(By MICHAEL LIEDTKE and TALI ARBEL, AP Technology Writers)

RELATED

Judges, state lawmakers and voters are deciding the future of abortion in the U.

Top Stories

Columnists

A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

Video

Alberto, Season’s First Named Tropical Storm, Dumps Rain on Texas and Mexico, Which Reports 3 Deaths

TAMPICO, Mexico (AP) — Tropical Storm Alberto rumbled toward northeast Mexico early Thursday as the first named storm of the season, carrying heavy rains that left three people dead but also brought hope to a region suffering under a prolonged, severe drought.

LONDON (AP) — Taylor Swift fans enjoy parsing the singer-songwriter’s lyrics for references to her romantic life and insights into her state of her mind.

PARIS (AP) — The alleged rape of a 12-year-old Jewish girl in a suspected antisemitic attack has sent shockwaves throughout France and thrust concerns about antisemitism to the forefront of campaigning for the country’s legislative elections.

ATLANTA (AP) — Lionel Messi's passing brilliance got Argentina off to a winning start in the defense of its Copa America title, overcoming Canada and a poor playing surface at Mercedes-Benz Stadium.

Robin Alderman faces an agonizing reality: Gene therapy might cure her son Camden’s rare, inherited immune deficiency.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.