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Mobile & AppsTechnology

Yahoo all set to sell its core assets to Verizon

Two years ago — an epoch in Silicon Valley time — AOL chief executive Tim Armstrong proposed a merger to Yahoo chief executive Marissa Mayer.

Both Armstrong and Mayer were former Google employees hired to run and rescue these destinations before marquee Internet.

However, AOL and Yahoo were struggling in the increasingly mobile online dominated by Google and Facebook world.

Mayer Armstrong rejected the offer.



But now that AOL-Yahoo merger could be carried out in a totally unexpected way – thanks to Verizon, the largest US telephone operator. Last year, Verizon AOL bought for $ 4.4 billion. Now it seems to be reaching a deal to buy Yahoo, too.

Verizon is in final negotiations for a $ 5 billion business in the Web of Yahoo, according to reports by Bloomberg and Recode. Recode reported that the deal could be announced as early as Monday. Verizon and Yahoo declined to comment on Sunday.

Verizon was always seen as one of the most likely suitors for Yahoo, which has officially been on sale since April, after several years of failed response plans executed under Mayer.

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