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July 25, 2016 09:17 pm GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/-QJ8XGyTbco/
AOLs Tim Armstrong explains the Yahoo acquisition and whats next
Following a months-long bidding process, Verizon announced this morning that it’s acquiring Yahoo’s core business for $4.83 billion. The goal, it seems, is to merge Yahoo with AOL (which Verizon acquired last year) to form a single organization that can compete with digital media giants like Google and Facebook. (AOL, by the way, owns TechCrunch.) The deal is expected to close in… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/-QJ8XGyTbco/
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