Verizon to announce $5 billion deal to buy Yahoo today

Verizon to announce $5 billion deal to buy Yahoo today

Yahoo CEO Marissa Mayer speaks during her keynote address at the annual Consumer Electronics Show (CES) in Las Vegas, Nevada January 7, 2014. REUTERS/Robert Galbraith

Verizon Communications Inc. will announce plans to buy Yahoo! Inc.’s core assets for about $4.8 billion on Monday, a move that would finally seal the fate of the iconic web pioneer after months of speculation and pressure from investors.

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