Yahoo Is Now Part Of Verizon

On June 13th 2017, Verizon announced that its deal to purchase Yahoo is now complete and that it now officially owns the once internet giant. The $4.48 billion deal will see Yahoo become a part of AOL, which Verizon bought for an estimated 4.4 billion in 2015. The two companies will come together to form a new company called Oath. The CEO of Yahoo, Marissa Mayer will resign and former AOL chief, Tim Armstrong will head the new entity.