Verizon is buying struggling giant Yahoo for $4.83 billion

After months of gesturing and negotiations, Yahoo has finally found a buyer: Verizon. The mobile operator, which is also the parent company of AOL and Engadget, confirmed today that it will pay $4.83 billion for Yahoo’s web business. All of the compa…

Source: Engadget – Verizon is buying struggling giant Yahoo for .83 billion