Verizon to Buy Yahoo for $4.8 Billion

Yahoo's board of directors have approved a sale bid from Verizon last Friday, and are set to make the official announcement later today, several US news outlets have reported.

The deal is said to be worth between $4.8 and $5 billion, different for each source, but what's sure is that Verizon won the bidding war that started at the end of February.

Back then, Yahoo silently formed a Strategic Review Committee of independent directors who were tasked with "exploring strategic alternatives" alongside its existing management structure (in other words: buyers).

Verizon won a three-way bidding war

Several companies and groups were rumored to have submitted bids, but in the end, three entities were in the final battle: Verizon, private equity firm TPG, and a group of investors led by Da...