
The transaction comes as Yahoo found itself under pressure from shareholders fed up with a downturn in the company's revenue during the past eight years.Yahoo is expected to sell its email service and news, finance and sports websites in addition to its advertising tools.
It would expand Verizon's AOL internet business, which the company acquired last year for $4.4 billion.
The sell would give Verizon access to Yahoo's advertising technology tools, as well as other assets such as search, mail, messenger and real estate.
Verizon, based in New York, is planning to keep the Yahoo brand, a source familiar with the plans told the Wall Street Journal.
Source:BMP
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