The deal is expected to be announced formally on Monday before markets open, the reports said.
Verizon had emerged in recent days as the front-runner for the beleaguered internet company. Yahoo is expected to sell its email service and news, finance and sports websites in addition to its advertising tools under pressure from shareholders fed up with a downturn in the company’s revenue during the past eight years.
The deal is likely to end the four-year reign of Yahoo CEO Marissa Mayer, a former Google executive who flopped in her attempts to turn around the Sunnyvale, California, company.
Yahoo has been in a long, deep slump even as advertisers have been pouring more money into what is now a $160 billion market for digital advertising, according to research firm eMarketer.
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6 comments:
Not to be disrespectful but there is a long trail of female executives attempting to bail out large visible companies that fail. I have noticed that their strongest points come in "acting" the role but few fail to deliver. Consider AT&T, Verizon, Lucent, HP, Yahoo, .....
Risky but not if they dump their wired line business which is controlled so my by the union.
so I guess our phone bill will go up $20 - $30 a month
It will be frontier communications around here soon
Straight Talk will take care of Verizon's steep bill. Keep your phone and number plus they use the Verizon towers so your coverage won't change at all and they're pretty cheap
Can you hear me now??
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