Verizon ends Yahoo independence with $4.8b bid for assets

Verizon ends Yahoo independence with $4.8b bid for assets

A Yahoo logo is pictured in front of a building in Rolle, 30 km (19 miles) east of Geneva, December 12, 2012. REUTERS/Denis Balibouse/Files

Verizon Communications Inc. agreed buy Yahoo! Inc.’s web assets for $4.8 billion, ending the company’s two-decade run as an independent business that took it from Stanford University startup at the dawn of the internet age to also-ran behind nimbler online rivals such as Google and Facebook Inc.

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