Uncertain future for a faded web giant Yahoo
It was once one of the internet’s biggest behemoths, but last week Yahoo sold off its core business to Verizon
Once the hunter became the prey, there was little for Yahoo to do but let someone else have a go. The one-time giant of search, which turned down the chance to buy Google for $1 million in 1998, sold its primary business to Verizon for $4.83 billion last week.
The move does not include Yahoo’s stake in Alibaba, which is worth around seven times that figure, or its business in Japan, where it remains a powerful local player....
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