Yes, Verizon Communications Inc. is reportedly closing in on a deal to acquire Yahoo’s core business for about $5 Billion, according to a report from Bloomberg.
Since the agreement between the companies has not been finalized, it is unclear at this moment that which Yahoo's assets the deal would include.
"In order to preserve the integrity of the process, we're not going to comment on the issue until we've finalized an agreement," a Yahoo spokeswoman said in a statement provided to CNNMoney.
You might be wondering Why Verizon is buying Yahoo! Well, I’ll come to it in the second half of my article, because before discussing this point, let’s first focus on why Yahoo! wants to get acquired.
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