Alibaba Group

July 25, 2016
July 25, 2016
Business

Yahoo sold to US telecoms giant Verizon

YAHOO has agreed to sell its core business to telecom giant Verizon for $US4.8 billion ($6.4 billion), ending a 20-year run by the internet pioneer as an independent company, the firms announced.
Verizon has agreed to buy online portal Yahoo Inc. for nearly $US5 billion. Picture: AP.
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