The deal by to Yahoo plans to sell its operating business to Verizon is almost coming to fruition thus ending its 21-year history as an independent company.
Verizon Communications Inc (VZ.N) is acquiring Yahoo’s core internet properties for $4.83 billion in cash. The deal will expand Verizon’s digital advertising and media business.
Following this, Yahoo has sent an email update below to all its users;
“We anticipate the close to occur in June 2017. At the close, the Yahoo operating business will join the Verizon family of companies, and Yahoo Holdings, Inc. will be offering the Yahoo services you love and enjoy.”
In connection with this proposed transaction, Yahoo is updating its terms of service. You can review the changes by visiting our Terms of Service.
These updated terms will automatically be effective on June 8, 2017, unless you cancel your Yahoo account before then.