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Yahoo announces deal to sell core assets for $4.8 bn to Verizon

Yahoo announces deal to sell core assets for $4.8 bn to VerizonSo what was the main reasons behind it; after years of tremendous growth, Yahoo’s revenue declined after the financial crisis. It also has lost its competitive endge more recently.

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.

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