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Verizon Communications has confirmed its $4.83 billion buyout of online pioneer Yahoo, marking end of an era for company that once defined the internet.
Part of the deal is Yahoo’s core assets, including its search, video and mobile advertising businesses.
Yahoo still needs to determine what it will do with nearly 3,000 patents and its stakes in Yahoo Japan Corp., majority-owned by SoftBank Group Corp. and Chinese ecommerce company Alibaba Group Holding Ltd.
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