Verizon To Buy Yahoo For $5 Billion


After a much publicized sale process that dragged on for months and drew interest from parties as diverse as Warren Buffett and The Daily Mail, Yahoo may finally have found a match: Verizon.

Verizon-owned AOL, long viewed as the front-runner in the bidding, is said to be closing in on a deal to buy Yahoo, according to Friday reports from Bloomberg.

Bloomberg puts the price tag at $5 billion. The deal is said to include Yahoo's Internet properties and patents, but not necessarily its real estate holdings.

Verizon, AT&T and an investing group backed by Buffett and Quicken Loans founder Dan Gilbert were all said to be serious bidders.

A deal, which could be announced as soon as next week, would put an end to Yahoo's 21-year history as an independent company.

Soon Yahoo and AOL may be owned by the same company.

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