Yahoo agrees to $4.8 billion Verizon bid
According to reports that are starting to trickle in, Yahoo’s board has accepted the terms of the Verizon offer we reported last week.
The core assets of the company that started life in Jerry Yang and David Filo’s 1994 Stanford dorm room as “Jerry and David’s Guide to the World Wide Web” — and at one point was one of the highest valued properties on the internet — will now join another former high-flyer of the internet’s earliest days, Aol (full disclosure: the owner of TechCrunch), in the Verizon stable.
It’s hard to overstate how dominant a player Yahoo once was. The company, which now holds most of its value in its Alibaba investment, was once a $125 billion behemoth that dominated internet search and commanded one of the highest valuations of any online business — it was Google before Google was Google.
Source: TechCrunch
So what do you think guys?
This is just sad :cry:
