Verizon is all set to acquire Internet giant Yahoo in a deal worth $5 billion, according to a recent report. The deal has been finalized, although an official announcement is yet to be made (expected as soon as today). The report says that other bidders - including a group led by Quicken Loans' Dan Gilbert and private equity firm TPG - have been informed about the outcome of the months-long negotiations. The terms of the deal are yet to be revealed. It's worth mentioning that as of now only an agreement over the deal has been reached - the acquisition is yet to clear regulatory...
Source: http://www.gsmarena.com/its_final_yahoo_is_being_acquired_by_verizon_for_5_billion-news-19584.php
