Verizon plans to buy Yahoo for $4.83 billion

Wireless provider expects deal to be completed by early next year

Verizon today announced that it plans to acquire Yahoo for $4.83 billion, confirming a deal that was first reported last week. In a press release, the internet service provider said that Yahoo will be integrated with Aol, which Verizon acquired last year for $4.4 billion.

Under the deal, Verizon will acquire Yahoo's online brands and email service, which has around 225 million monthly active users worldwide. In addition to Yahoo's than 1 billion users, Verizon will gain the web giant's Brightroll programmatic ad service, as well as other advertising and analytics services. The deal does not include Yahoo's cash or its stakes in Alibaba and Yahoo Japan. Those entities will remain under Yahoo, which will change its name once the deal closes and become a publicly traded investment company.

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