World Economy

Yahoo, Varizon Deal Near

Yahoo, Varizon Deal NearYahoo, Varizon Deal Near

Internet pioneer Yahoo appears close to a deal to sell its core online assets to telecom giant Verizon, DW reported. Several media reports hinted an official announcement was likely to be made in the course of Monday. Media reports suggested Monday that Yahoo would be selling its main assets for about $5 billion to telecom company Verizon, thus ending a 20-year run as an independent firm as an internet pioneer. “The New York Times” said the takeover would almost certainly include the popular Yahoo News, Mail and other online services used by more than a billion people globally.