Tomorrow morning, Verizon will announce their plan to buy Yahoo’s core assets for a pitiful $4.8 billion according to “two people with direct knowledge of the situation,” Bloomberg reports. Considering that at the peak of their success, Yahoo was valued at $125 billion, this is yet another benchmark moment in the company’s fall from grace. In 2008, the company rejected
Microsoft’s offer to buy them for $44 billion.
Source: Gizmodo – Verizon to Buy Yahoo For Chump Change