Verizon is discussing a price close to $5 billion for Yahoo’s core Internet business, one of the people said. While other assets including Yahoo’s real estate were also on the block, it could not immediately be learned if they are part of the deal. New York: Verizon Communications Inc. is nearing a deal to buy Yahoo! After US regulators failed to give prior approval for the transaction’s tax status, Yahoo was forced to jettison the plan. A representative for Verizon declined to comment.

Source: Mint July 22, 2016 13:19 UTC