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Verizon Said to Announce $4.8 Billion Yahoo Takeover Monday

  • Deal for core assets said to arrive before trading begins
  • Stakes in Alibaba, Yahoo Japan worth $40 billion will remain

Verizon Communications Inc. will announce plans to buy Yahoo! Inc.’s core assets for about $4.8 billion on Monday, a move that would finally seal the fate of the iconic web pioneer after months of speculation and pressure from investors.

News of the takeover is expected to come before the market opens, said a person with direct knowledge of the situation who asked not to be identified because the information isn’t public. The deal includes Yahoo real estate assets, while some intellectual property is to be sold separately, the person said. Yahoo will be left with its stakes in Alibaba Group Holding Ltd. and Yahoo Japan Corp., with a combined market value of about $40 billion.

A transaction would end Yahoo’s months-long exploration into strategic alternatives amid pressure from activist investor Starboard Value LP. The deal will add the web company and its millions of daily users to Verizon’s growing stable of media properties and is also likely to end the reign of Yahoo Chief Executive Officer Marissa Mayer, who tried and failed to re-invent Yahoo as an independent company.

Verizon spokesman Bob Varettoni and Yahoo spokeswoman Rebecca Neufeld declined to comment. Yahoo hasn’t said what it will do with its...


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