Verizon acquires Yahoo in $4.38bn deal

After a months-long bidding process and many layoffs, Yahoo has finally found a buyer.

Verizon (which owns AOL, which owns TechCrunch) is officially acquiring Yahoo’s core business for $4.83 billion in cash, which includes Yahoo’s advertising, content, search and mobile activities.

Yahoo’s stakes in Alibaba and Yahoo Japan aren’t part of the acquisition. These stakes are worth tens of billions of dollars alone.

Read also: 5 signs you are definitely a Nigerian tech nerd

As of Friday July 22nd, Yahoo’s 15 percent stake of Alibaba represented $31.2 billion, and its 34 percent of Yahoo Japan was worth $8.3 billion.

Yahoo’s patent portfolio, which is worth around $1 billion, isn’t part of the sale either.

Yahoo will be integrated with AOL, and Verizon EVP and President of the Product Innovation and New Businesses organization Marni Walden is going to lead the process — not Marissa Mayer.

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