Verizon is close to buying Yahoo for $5 billion as a ‘safe bet’
#Verizon is closing in on a deal to buy #Yahoo ’s core business for about $5 billion, according to sources familiar with the talks. The telco giant has long been considered the favorite to buy Yahoo’s internet assets, which it wants to combine with #AOL , which it bought last year for $4.4 billion. Part of Verizon’s pitch to Yahoo’s board is that it is the logical choice, since it is already operating a similar business. The concept of such a deal is to combine its advertising tech assets and become the third alternative to leaders #Facebook and #Google. Both companies also have extensive media assets. “If Verizon bid that high, they definitely got it, because they’re the safe bet for Yahoo,” said a rival bidder.