Verizon to purchase Yahoo for USD 4.83 billion

Q.  Verizon is purchasing which search engine major for USD 4.83 billion?
- Published on 26 Jul 16

a. Microsoft
b. Yahoo
c. Google
d. AOL

ANSWER: Yahoo
 
Verizon is purchasing search engine major Yahoo for USD 4.83 billion marking the close of an era for a company defining the internet.
  • This marks the second time in two years Verizon has broadened its digital reach.
  • It paid USD 4.4 billion for AOL in 2015.
  • It is the largest wireless carrier in the US and is NY based.
  • Others in the bidding processes were AT&T and Quicker Loans founder Dan Gilbert as well as buyout firms TPG and Vector Capital Management.

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