Finally! after getting badly depreciated in terms of the profitability, Yahoo has now been acquired by Verizon, the largest U.S. wireless communication service provider.
It has acquired Yahoo for $4.8 billion, approximately same amount for which it denied to acquire Google ($5 Billion in 2002). Yahoo still regret the decision of not acquiring Google at that time for just the negotiation of $2 Billion to acquire Google, which lasted for about 3 months.
Yahoo's properties like- its search engine, email service, photo sharing site Flickr and blogging platform Tumblr will presumably continue to operate.
FYI, AOL was another internet based struggling company acquired by Verizon.
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