Yahoo Core Business Sold💰 for 💲4.8 Bn

  |   Tech News / Nigeria News

By Fråst🐺

The Yahoo board of directors👥 has agreed to sell their core internet operations & land holdings to Verizon Communications📡 for 💲4.8 billion. Yahoo shareholders will be left with around 💲41 billion💰 in investments in Alibaba, the Chinese e-commerce company along with a few other patents. Compare this to Yahoo’s peak📈 evaluation at 💲125 billion in Jan 2000 & you’ll see how bleak😒 things are. Yahoo 👔CEO Marissa Mayer👩🏼 won’t be joining Verizon but will receive a severance pay of 💲57 million💰. Both companies have declined❌ to comment💬.

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