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Yahoo confirms nearly $5bn sale deal with Verizon

July 26, 2016

Verizon Communications to boost its advertising business by acquiring Yahoo’s client database in a $4.83bn deal

Yahoo has confirmed it has reached an agreement to sell its core business to Verizon Communications for $4.83bn in cash.

Confirmation of the deal ends months of speculation over the future of the beleaguered internet company and comes just days after Yahoo reported a $440m loss in the second quarter.

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