ICT

VERIZON COMPANY PROCURED OVER YAHOO FOR $4.83 BILLION!

After spending 22 years of brilliant success and running as a freewheeling web giant on the social media, yahoo now has come to a stage of dependency!

The VERIZON Company took over yahoos root business on Monday for $4.83 billion!

The accord could streak the deadline of Marissa Mayer’s tenure as CEO of Yahoo. Her annulment struggles had been the motive of variety of criticism, mainly for infinite lavish procurement that did scant to stem a broader slump.

The act of making yahoo and Verizon work as joined ventures is a second large-scale procumbent in one year, pursing on its  $4.4  billion purchase of AOL in May 2015. Yahoo and AOL are habitual to line up a few of their affairs.

The mingling of AOL and yahoo has given VERIZON two major and primeval online media affairs. Merged together, Verizon/AOL and Yahoo would end up making a revenue total of 2.2% at the end of 2016.

The main advantage of this merging is that it would result up ending the constant fight and disputes between yahoo and the executives and the investors, namely Mayer.

Mayer had dealt as chief executive for a time span of 4 years total, out of which he focused on furnishing and flourishing the company to a huge strike by focusing on the latest advancements in the field. That has although turned a few tables of evil to a good reveal improvement.

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