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| Version 1 | Version 2 |
|---|---|
| Yahoo sold to US telecoms giant Verizon | Yahoo sold to US telecoms giant Verizon |
| (35 minutes later) | |
| US internet firm Yahoo will be sold to American telecoms firm Verizon Communications for nearly $5bn (£3.8bn) in cash. | US internet firm Yahoo will be sold to American telecoms firm Verizon Communications for nearly $5bn (£3.8bn) in cash. |
| Yahoo will be combined with AOL, another faded internet star, which Verizon bought last year. | Yahoo will be combined with AOL, another faded internet star, which Verizon bought last year. |
| The deal does not include Yahoo's valuable stake in Chinese firm Alibaba. | The deal does not include Yahoo's valuable stake in Chinese firm Alibaba. |
| The price tag for the deal is well below the $44bn Microsoft offered for Yahoo in 2008 or the $125bn it was worth during the dot.com boom. | The price tag for the deal is well below the $44bn Microsoft offered for Yahoo in 2008 or the $125bn it was worth during the dot.com boom. |
| Verizon said the deal for Yahoo's core internet business, which has more than a billion active users a month, would make it a global mobile media company. | Verizon said the deal for Yahoo's core internet business, which has more than a billion active users a month, would make it a global mobile media company. |
| The end of Yahoo: Why Verizon spent big | The end of Yahoo: Why Verizon spent big |
| Marissa Mayer, chief executive of Yahoo, said: "Yahoo is a company that has changed the world, and will continue to do so through this combination with Verizon and AOL." | Marissa Mayer, chief executive of Yahoo, said: "Yahoo is a company that has changed the world, and will continue to do so through this combination with Verizon and AOL." |
| In an email to staff, Ms Mayer said she was "planning to stay", adding: "I love Yahoo, and I believe in all of you. It's important to me to see Yahoo into its next chapter." | In an email to staff, Ms Mayer said she was "planning to stay", adding: "I love Yahoo, and I believe in all of you. It's important to me to see Yahoo into its next chapter." |
| AOL chief executive Tim Armstrong said the deal was about "unleashing Yahoo's full potential", and creating a major player in mobile media. | AOL chief executive Tim Armstrong said the deal was about "unleashing Yahoo's full potential", and creating a major player in mobile media. |
| Together they will have more than 25 brands, including Yahoo Mail, Flickr and Tumblr as well as AOL's Huffington Post and Techcrunch news sites. | Together they will have more than 25 brands, including Yahoo Mail, Flickr and Tumblr as well as AOL's Huffington Post and Techcrunch news sites. |
| Ms Mayer, who took the helm in 2012, has made little progress in returning the company to profit. | Ms Mayer, who took the helm in 2012, has made little progress in returning the company to profit. |
| Last week the firm reported a $440m loss in the second quarter, but said the board had made "great progress on strategic alternatives". | Last week the firm reported a $440m loss in the second quarter, but said the board had made "great progress on strategic alternatives". |
| Verizon and Yahoo were reported on Friday to be in exclusive talks over a deal. | Verizon and Yahoo were reported on Friday to be in exclusive talks over a deal. |