Yahoo Agrees to Sell Web Businesses to Verizon for $4.8 Billion

  • Yahoo real estate included in deal with wireless carrier
  • Yahoo patents excluded from transaction, to be sold separately

Yahoo! Inc. agreed to sell its main web businesses to Verizon Communications Inc. for $4.8 billion, ending a two-decade run as an independent company 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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