This weekend was full of rumors and several rounds of bidding information but now it has been confirmed that finally Verizon has acquired Yahoo for $4.83 Billion excluding Yahoo’s cash, Yahoo Japan or Alibaba shares etc.
Before this Verizon has bought AOL for approximately $4.4 Billion in 2015 and this is now simply clear that AOL and Yahoo is getting merged. As earlier Tim Armstrong, CEO of AOL has proposed this merging offer to Yahoo but that time Yahoo rejected the offer and now Verizon will combine these two search engines. The benefit of combining Yahoo and AOL is that this will create the largest portfolios of partnered global brands and owned brands with immeasurable distribution capabilities.
According to the current updated news from press few parts of Yahoo which are not included in this sale are:
Shares in Yahoo Japan and Alibaba Group Holidays
Certain Minority investments
Convertible notes of Yahoo
Non-core patents of Yahoo (Known as Excalibur portfolio)
From very beginning many companies has tried to buy Yahoo. Yahoo was established in 1994 and launched or get live in 1996 and Microsoft was the first company who tried to acquire Yahoo in $45 Billion Approx, but unfortunately it was an unsuccessful attempt for Microsoft.
Verizon has announced that the integration of Yahoo and AOL will be done under Marni Walden, EVP and President of the product innovation and new business organization. And Marissa Mayer, CEO of Yahoo will leave the company with the Lucrative Package.