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Actionable news in VZ: VERIZON COMMUNICATIONS,

Verizon Nears Deal to Acquire Yahoo

  • Companies said to be in one-on-one talks, may announce soon
  • Agreement said to exclude Yahoo’s patents, not finalized

Verizon Communications Inc. is nearing a deal to buy Yahoo! Inc., beating out rival bidders, people familiar with the matter said.

Verizon is discussing a price close to $5 billion for Yahoo’s core Internet business, one of the people said. The deal doesn’t include the company’s patents at this stage, the person said. While other assets including Yahoo’s real estate were also on the block, it could not immediately be learned if they are part of the deal.

The companies may be ready to announce the deal in the coming days, the people said, asking not to be named because the deliberations are private. The two companies are in one-on-one discussions, one of the people said. The deal...


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