SAN FRANCISCO - Yahoo is near a deal to sell its core online assets, ending a 20-year run as an independent company for one of the most storied names on the internet. The online news site Re/Code reported that telecom giant Verizon had emerged as the buyer unless another bidder boosted the price. The report said a deal could be announced by Monday, with Verizon poised to integrate Yahoo with another online acquisition, AOL. Yahoo earlier this month reported a $440 million quarterly loss, in part because of writedowns on the value of some assets. But Verizon appeared to be the leading candidate, because of its ability to integrate AOL's advertising technology into Yahoo services.

Source: Bangkok Post July 24, 2016 17:37 UTC