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Verizon reportedly set to acquire Yahoo!

The Yahoo! (YHOO) auction saga may finally be over.

Re/code reported Saturday that Verizon Communications (VZ) was close to an announcement that it would acquire the struggling Internet company for about $5 billion in cash and stock.

The acquisition would be the culmination of an auction process that began in February, after CEO Marissa Mayer failed to convince shareholders she could turn the company around.

Re/code's Kara Swisher wrote that Yahoo! will join Verizon's AOL unit. Verizon bought AOL for $4.4 billion...