By Noel Young

American media and telecoms giant Verizon will announce its plans to buy Yahoo! Inc. for about $4.8bn on Monday, said Bloomberg, quoting a person with direct knowledge of the situation.

“The takeover is expected to be announced before the market opens, “the person said according to Bloomberg. The person asked not to be identified because the information was not public.

The deal includes Yahoo real estate assets. Intellectual property assets are expected to be sold separately, the source said.

The deal is also likely to bring to an end the tumultuous reign of Yahoo chief executive Marissa Mayer, “who tried and Read full story ›

Source: The Drum