Verizon is buying Yahoo, and it is spending billions to get it

A source advised Reuters that the Verizon-Yahoo deal might be announced these days, earlier than trading hours in new york kick-off – the inventory change opens at 9:30 EST, just over 4 hours from now, so we're going to possibly listen approximately this later in this morning, or very early afternoon.

If the speculation is at the cash, that is – even though other sources have already pointed to this occurring past due closing week, so there is genuinely lots enough 'smoke' surrounding this one, and the 'fire' is probable to be discovered rapidly enough.

AOL synergy

Verizon received AOL just over a year in the past for the same sum, selecting up its media courses and net may, at the side of plans to reinforce the mobile streaming facet of its business.

obviously, the purchase of Yahoo might suit with AOL well, with masses of synergy in terms of using for more traction and becoming a bigger net player.

Yahoo has struggled to remain applicable for quite some time now (with CEO Marissa Mayer making moves such as purchasing Tumblr some years back), even though it nonetheless has a few powerful strings to its net bow, now not the least of that's Yahoo Mail – which is utilized by a few 300 million. And Yahoo's homepage continues to be very well trafficked.

there has been lots of dialogue in recent times about Yahoo's destiny, however it appears we could be only some hours faraway from understanding for positive what the destiny holds for the organisation.