Verizon Ends Yahoo Independence With $4.83 Billion Deal

  • Biggest U.S. wireless carrier gains share in digital ads
  • CEO Mayer’s turnaround effort ends under shareholder pressure

Verizon Communications Inc. agreed to buy Yahoo! Inc.’s web assets for $4.83 billion, ending the company’s two-decade run as an independent business that took it from Stanford University startup at the dawn of the internet age to also-ran behind nimbler online rivals such as Google and Facebook Inc.

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