Verizon buys Yahoo for $4.83B, marking end of an era

By Michael Liedtke and Tali Arbel, AP Technology Writers SAN FRANCISCO — Verizon is buying Yahoo for $4.83 billion, marking the end of an era for a company that once defined the internet. It is the second time in as many years that Verizon has snapped up the remnants of a fallen internet star as it broadens its digital reach. The nation’s largest wireless carrier paid $4.4 billion for AOL last year. In this Nov. 5, 2014, file photo, a person walks in front of a Yahoo sign at the company’s headquarters in Sunnyvale, Calif. Yahoo reported Tuesday, April 19, 2016, that after subtracting ad commissions, Yahoo’s revenue fell 18 percent from the same time a year earlier, to $859 million. It’s the largest decline in Yahoo’s quarterly net revenue since the company hired Marissa Mayer as its CEO nearly four years ago. (AP Photo/Marcio Jose Sanchez, File) Yahoo will be rolled [...]