US telecoms giant Verizon Communications is to buy Yahoo’s search and advertising operations for $5bn (£3.8bn).The US telecoms giant is expected to merge Yahoo with AOL, to create a digital group capable of taking on the likes of Google and Facebook.Verizon bought AOL – another faded internet star -in a $4.4bn deal last year, which gave it ownership of the Huffington Post, Techcrunch, Engadget and other news sites.Over the last few years Yahoo has struggled to keep up with the changing internet advertising landscape, with some analysts arguing that it has failed to remain relevant in many of its core markets.
Verizon’s $5bn Yahoo deal
