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                     Verizon to Buy Internet Pioneer Yahoo

   by VOA News

   Telecommunications giant Verizon Communications has agreed to buy
   internet trailblazer Yahoo for nearly $5 billion.

   Yahoo was under pressure from shareholders who were critical of the
   company's financial performance over the past eight years.

   The transaction will likely end the four year reign of Yahoo CEO
   Marissa Mayer, a former Google executive. Mayer will get a severance
   package valued at $57 million, according to the executive compensation
   research company Equilar.

   Yahoo has unperformed even as advertisers have increased spending on
   what is now a $160 billion digital advertising market, according to the
   research firm eMarketer. The internet pioneer's services draws about
   one billion visitors each month.

   Verizon's purchase of Yahoo should strengthen its America Online
   internet business, which it bought last year for $4.4 billion. Once the
   transaction is complete, Verizon will have access to Yahoo's
   advertising technology and other assets such as search tools, mail, and
   messenger.

   The sale does not include Yahoo's cash, its shares in Chinese eCommerce
   company Alibaba, worth $41 billion, Yahoo Japan or a small portfolio of
   patents.

   Yahoo's market value was more than $37 billion when the markets opened
   Monday.
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   [1]http://www.voanews.com/content/verizon-to-buy-internet-pioneer-yahoo
   /3433620.html

References

   1. http://www.voanews.com/content/verizon-to-buy-internet-pioneer-yahoo/3433620.html