Verizon announces $4.83 Billion acquisition of Yahoo
Once the deal completes, Verizon plans to combine the best of Yahoo and AOL into a single entity. Verizon bought over media company AOL last year with the mindset of increasing their presence in the digital media world. In case you don't know, AOL is the company behind sites like Engadget, TechCrunch and Huffington Post.
ORIGINAL SOURCE: RECODE