Verizon Communications Inc. is finally getting Yahoo! Inc.’s internet services, giving the telecommunications giant access to hundreds of millions of users, while closing a chapter on the iconic web portal as a stand-alone business after coming under sharp criticism in recent years.
The companies officially closed the $4.5 billion agreement June 13, following Yahoo shareholder approval last week. Yahoo properties including Sports and Finance will become part of a new Verizon unit called Oath, which is home to brands like AOL, TechCrunch and the Huffington Post. Oath will be overseen by former AOL Chief Executive Officer Tim Armstrong, while Yahoo ...
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