Deals
Verizon Nears Deal to Acquire Yahoo
- Companies said to be in one-on-one talks, may announce soon
- Agreement said to exclude Yahoo’s patents, not finalized
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After months of leaks and speculation, Verizon Communications Inc. has emerged as the most likely buyer of Yahoo! Inc.
The deal, which may be announced in the next few days according to people familiar with the matter, will likely bring to an end the tumultuous reign of Chief Executive Officer Marissa Mayer, who tried and failed to re-invent Yahoo as an independent company. If finalized, the nation’s largest wireless carrier would add the iconic web pioneer and its millions of daily users to a growing stable of media properties.