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Verizon Said to End Yahoo Survival Fight With $4.8 Billion Deal

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People walk between buildings on the Yahoo! Inc. headquarters corporate campus in Sunnyvale, California, U.S., on Thursday, Jan. 7, 2016. Yahoo! Inc. is planning to eliminate jobs as part of Chief Executive Officer Marissa Mayer's effort to cut costs and revive growth at the struggling web portal, according to a person familiar with the matter. Photographer: Noah Berger/Bloomberg

On Monday, Yahoo! Inc.’s years-long fight to survive as a standalone company will draw to a close.

Verizon Communications Inc. will announce plans to buy Yahoo’s core assets for a bit more than $4.8 billion before the market opens, said two people 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 people 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 stands to finally seal the fate of web pioneer Yahoo after months of speculation and pressure from investors including Starboard Value LP. The deal will add the company and its millions of daily users to Verizon’s growing stable...


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