Why Verizon wants an ailing Yahoo

Yahoo, once the tech world's brightest star, is finished as an independent company

Verizon purchased Yahoo.
(Image credit: Justin Sullivan/Getty Images)

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Yahoo, "the front door to the web for an early generation of internet users," is finished as an independent company, said Vindu Goel and Michael de la Merced at The New York Times. The struggling Silicon Valley pioneer agreed this week to sell its core internet business to Verizon Communications for $4.8 billion. The sale punctuates a stunning fall from grace for Yahoo, which at its peak in January 2000 was valued at more than $125 billion. It's also the likely end of the road for CEO Marissa Mayer, who is widely expected to be shown the door when the deal is finalized in early 2017. The former Google wunderkind, who was brought on four years ago to revive Yahoo's fortunes, stands to receive about $57 million in severance for her failed turnaround efforts.

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