Verizon Acquires Yahoo

In a massive deal that followed months of rumor and speculation, Verizon just acquired Yahoo for a reported $4.8 billion. The purchase will give Verizon control over Yahoo's media empire, which includes 600 million monthly mobile users. According to Fast Company, "the deal paves the way for Verizon to assemble a new media empire capable of delivering potentially billions in advertising revenue and offsetting slowing growth in its wireless and wireline business units." Read more about why Verizon bought Yahoo, what the acquisition means for Yahoo and CEO Marisa Mayer here.