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Verizon To Buy Yahoo

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Verizon Communications on Monday announced that it plans to purchase Yahoo’s Web assets for a sum of $4.83 billion in cash. That’s a heck of a fall from grace for Yahoo as it once had a market cap of $125 billion. Some notes:

I have to admit that I’ve been around long enough to remember when Yahoo was a really big deal. Now it’s being sold for pennies on the dollar. That’s pretty sad. I also wonder what Verizon sees in what’s left of Yahoo. But I’m a computer nerd and not an MBA, so I’ll leave it to the MBA types to comment on this part as I am guessing that the ones that work for Verizon see something in these assets that the rest of us don’t.

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