Verizon $4.48 billion acquisition of Yahoo! internet properties

Overview:

• Verizon has completed its acquisition of Yahoo!'s internet properties in a $4.48 billion deal.
• The acquisition does not include Yahoo!'s cash or shares in Alibaba and Yahoo Japan.
• Verizon is combining Yahoo! with AOL to form an entity that will go under the name Oath.
• The deal was first announced in July 2016 with the original figure set at $4.83 billion.
• The price was lowered following a renegotiation once it was revealed that Yahoo! had been successfully hacked in 2013.
• The hackers stole sensitive user information.
• Following the completed merger, Yahoo! CEO Marissa Mayer resigned.

Kurt Stumpo - Journalist