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The Worth $5bn Acquisition of Yahoo funks Verizon

YahooVerizon Communications is known to have come under a strategic procurement deal worth $5bn (£3.8bn) with Yahoo’s search and advertising operations though the company denied commenting on the gossips.

A formal announcement is expected today before US markets open for trading.

Over the last few years Yahoo has struggled to keep up with the changing internet advertising landscape, with some analysts arguing that it has failed to remain relevant in many of its core markets.

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