Some time ago, we reported that Yahoo had made some strides during the second quarter. At the time, it wasn’t clear whether they were up for sale but for now, we know for a fact that in some few hours, Verizon is going to announce a $5 million purchase of Yahoo, prior to the opening of the New York Stock Exchange.
After acquiring AOL last year, androidauthority.com notes that the purchase will be another internet giant to this stable of Verizon. Verizon will gain not only Yahoo’s search technology, but its advertising business and mail and messaging tools. They will also own Yahoo’s physical properties.
As Reuters notes, the deal will also “mark the end to Yahoo’s existence as a operating company, leaving it only as the owner of a 35.5% stake in Yahoo Japan, as well as its 15 percent interest in Chinese e-commerce company, Alibaba Group Holding Limited (BABA.N).”
Verizon will also “Bolt on” other Yahoo services like Yahoo Finance to it’s existing media properties through AOL including The Huffington Post, Engudget and TechChrunch.
Yahoo’s CEO, Marissa Mayer is not expected to keep her job after everything is finalized.
What do you think about the deal? Is it worth the money?