Yahoo sold again in new bid to revive its fortunes

 US telecoms giant Verizon is selling its media assets, which include the two companies, to a US private equity firm in a deal worth $5bn (£3.6bn).

Verizon bought Yahoo in 2017 and AOL in 2015 for a combined $9bn.

Yahoo and AOL were once trailblazers, but were subsequently overshadowed by firms like Google and Facebook.

Under the sale of the media assets to Apollo Global Management, Verizon will retain a 10% stake in the division.

Verizon wants $1 Billion discount on Yahoo acquisition deal after recent scandals

Verizon, which has agreed to purchase Yahoo for $4.8 Billion, is now asking for a $1 Billion discount, according to recent reports.

The request comes after Verizon Communications learned about the recent disclosures about hacking and spying in past few weeks.

Just two weeks ago, Yahoo revealed that at least a half Billion Yahoo accounts were stolen in 2014 hack, marking it as the biggest data breach in history.

Verizon Set to Buy Yahoo for $5 Billion — Here's Why a Telecom is so Interested!

The telecommunication giant Verizon.

Yes, Verizon Communications Inc. is reportedly closing in on a deal to acquire Yahoo’s core business for about $5 Billion, according to a report from Bloomberg.

Since the agreement between the companies has not been finalized, it is unclear at this moment that which Yahoo's assets the deal would include.

Global stock markets waver as Fed decision nears


The Fed winds up a two-day policy meeting later Thursday and could raise interest rates for the first time in nearly a decade. A long period of ultra-low interest rates since the financial crisis has helped send stock and bond prices higher.