Verizon Said to Be Ready to Announce $4.8 Billion Yahoo Takeover

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On Monday, Yahoo’s years-long fight to survive as a standalone company will draw to a close.

Verizon Communications will announce plans to buy Yahoo’s core assets for a bit more than $4.8 billion before the market opens, said two people with direct knowledge of the situation who asked not to be identified because the information isn’t public.

The deal includes Yahoo real estate assets, while some intellectual property is to be sold separately, the people said. Yahoo will be left with its stakes in Alibaba Group Holding and Yahoo Japan Corp., with a combined market value of about $40 billion.

A transaction stands to finally seal the fate of web pioneer Yahoo after months of speculation and pressure from investors including Starboard Value. The deal will add the company and its millions of daily users to Verizon’s growing stable of media properties and is also likely to end the reign of Yahoo Chief Executive Officer Marissa Mayer, who tried and failed to re-invent Yahoo as an independent company.

Read full article here. 

Yahoo Gets More U.S. Visitors Than Google for First Time Since 2011

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Marissa Mayer’s winning streak at Yahoo continued this week as comScore released figures showing Yahoo sites got more visitors than Google’s in July. That’s the first time Yahoo has bested Google in this measure since April 2011, according to a comScore rep. Yahoo had a little more than 400,000 more visitors than Google did in that time, according to the researcher.