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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Altaba Inc | NASDAQ:AABA | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 19.63 | 19.12 | 19.61 | 0 | 01:00:00 |
From May 2019 to May 2024
By Ryan Knutson
Verizon Communication Inc. has agreed to pay $4.8 billion to acquire Yahoo Inc., according to a person familiar with the matter, ending a drawn-out auction process for the beleaguered internet company.
The price tag, which includes Yahoo's core internet business and real estate, is a remarkable fall for the Silicon Valley web pioneer that once had a market capitalization of more than $125 billion at the height of the dot-com boom.
For Verizon, the deal simply adds another piece to the digital media and advertising business it's trying to build.
The deal is expected to be announced early Monday. The price was earlier reported by Bloomberg News.
Write to Ryan Knutson at ryan.knutson@wsj.com
(END) Dow Jones Newswires
July 24, 2016 13:49 ET (17:49 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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