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Verizon Said to Announce $4.8 Billion Yahoo Takeover Monday

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People walk between buildings on the Yahoo! Inc. headquarters corporate campus in Sunnyvale, California, U.S., on Thursday, Jan. 7, 2016. Yahoo! Inc. is planning to eliminate jobs as part of Chief Executive Officer Marissa Mayer's effort to cut costs and revive growth at the struggling web portal, according to a person familiar with the matter. Photographer: Noah Berger/Bloomberg

Verizon Communications Inc. will announce plans to buy Yahoo! Inc.’s core assets for about $4.8 billion on Monday, a move that would finally seal the fate of the iconic web pioneer after months of speculation and pressure from investors.

News of the takeover is expected to come before the market opens, said a person with direct knowledge of the situation who asked not to be identified because the information isn’t public. The deal includes Yahoo real estate assets, while some intellectual property is to be sold separately, the person said. Yahoo will be left with its stakes in Alibaba Group Holding Ltd. and Yahoo Japan Corp., with a combined market value of about $40 billion.

A transaction would end Yahoo’s months-long exploration into strategic alternatives amid pressure from activist investor Starboard Value LP. The deal will add the web company and its...


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