Verizon to buy Yahoo for $4.8B

The long awaited sale of Yahoo is here. According to reports, Verizon Wireless is reportedly set to acquire the troubled search engine and email service amid long winded rumors that Mayer may be out of a job.

The news first came from the WSJ, who reported that at one point the start up was worth more than $125B.  The journal notes that the fall of Yahoo is one of the most remarkable in Silicon a Valley’s long history.

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