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Yahoo sold all its core business to US telecom giant Verizon for $4.48 billion

Yahoo sold all its core business to US telecom giant Verizon

In spite of having billion monthly users, Yahoo lost its competitive edge for more than a decade resulting in advertising revenue loss. Yahoo could not match up with its competitor in both Search Engine and Mail service. Yahoo could not find a winning strategy. Verizon, the US telecom giant has acquired Yahoo and its core business for $4.48 billion. Yahoo will be managed by a new company called oath, which will be formed by Verizon

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