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Verizon edges closer to acquiring Yahoo assets

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Verizon acquires Yahoo in $4.38bn deal

The protracted question of who is buying beleaguered Yahoo may finally have an answer.

According to three reports published today, and our own sources, Verizon (which owns TechCrunch by way of AOL) is now the most likely company to snap up the company’s core assets — which include its search, content, mobile and advertising business — and possibly also some real estate, for around $5 billion.

Read also: Facebook announces first flight of its internet beaming drone

A final decision could come in the next few days, meaning possibly as soon as today, Monday, or Tuesday.

Verizon is due to report earnings next week on Tuesday, July 26, so that’s a logical day for the news to come out.

When we asked a Verizon executive for a comment on reports out this morning from CNBC and Bloomberg about the possibility of the deal, the short response was less straight denial, and more “watch this space”.

“No comment at this time,” Caroline Campbell, SVP of brand and communications at AOL, said in an emailed response.

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