Yahoo-Verizon $4.83 Billion Deal Explained In Five Points

Verizon - America's biggest mobile operator - on Monday announced a $4.83 billion cash deal to buy Yahoo's core internet properties, which includes its search engine, email service and sections devoted to news, sports and finance. Yahoo is Verizon's second big acquisition following AOL's buyout for $4.4 billion last year. The deal puts an end to the five-month auction that was supposed to decide Yahoo's future. Here are five things to know about the Yahoo-Verizon deal: 1) Why Verizon is buying Yahoo? Verizon, which has access to 150 million unique monthly AOL users, will gain an additional 200 million unique visitors that come to Yahoo's sites every month. The buyout will help Verizon emerge as a formidable rival to Google and Facebook, who dominated the US digital-ad market with a 55 per cent share last year. The Yahoo brand will be transferred to Verizon as part of the deal, which is expected to close in early 2017. NDTV Business