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Just In: Yahoo Sold For $5 Billion

It shouldn’t be shocking to you that Yahoo as an independent company following the decision of its board has accepted Verizon’s $4.8 billion bid for the company’s core internet
operations and land holdings as reported by NYT.

After the sale, Yahoo
shareholders will be left with about $41 billion in investments in the
Chinese e-commerce company Alibaba, as well as Yahoo Japan and a small
portfolio of patents.
Marissa Mayer, Yahoo’s chief executive, is
not expected to join Verizon, but she is due to receive a severance
payout worth about $57 million, according to Equilar, a compensation
research firm.
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