Verizon EVP Marni Walden explains why Verizon just paid $4.8 billion for Yahoo. One big reason? Yahoo’s 600 million monthly mobile users.
After months of speculation and intrigue, the bidding war for Yahoo came to an end today with the announcement that Verizon has agreed to acquire the former search giant’s digital assets for $4.83 billion in cash. Under the terms of the deal, Yahoo’s remaining assets, including its non-core patents and stakes in Alibaba and Yahoo Japan, will become part of a publicly traded investment company and rebranded under a new name.
