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WHY Report

July 25, 2016

Yahoo Sells to Verizon in Saddest $5 Billion Deal in Tech History

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Yahoo was once the king of the Internet, a $125 billion behemoth as big in its time as Facebook or Google are today. This morning, Yahoo announced the end of the long process to remove itself from a mess of its own making with a sale of its core operating business to Verizon for comparative chump change. The transaction ends the independence of one of Silicon Valley’s most iconic pioneering companies. But the biggest story today is how Yahoo squandered its massive head start and let each wave of new technology in search, social, and mobile pass it by.

Another fallen star.

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