Submitted by ub on Mon, 07/25/2016 - 07:12

Following high stakes tech talks, a $ 5 billion Verizon deal to purchase Yahoo is expected today.

Verizon has reportedly made a deal to purchase Yahoo for $5 billion. This would end Yahoo' status as an independent company.

Verizon, which is expected to report its financial status tomorrow, has been the leading contender for Yahoo in a field of potential suitors that included AT&T, private equity firms and a group led by Quicken Loans co-founder Dan Gilbert, with the backing of Warren Buffett's company, Berkshire Hathaway.

Yahoo sold to Verizon for $4.8 billion:… via @MercNews