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Verizon Communications Inc. is nearing a deal to buy Yahoo! Inc., beating out rival bidders for the iconic web pioneer, people familiar with the matter said.
Verizon is discussing a price close to $5 billion for Yahoo’s core internet business, one of the people said and the deal doesn’t include the company’s patents at this stage. While other assets including Yahoo’s real estate were also on the block, it could not immediately be learned if they are part of the deal. Report: Verizon Closing in on Yahoo Deal [bloomberg.com]
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