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Yahoo Sells To Verizon In Saddest $5 Billion Deal In Tech History

From forbes.com

Yahoo was once the king of the Internet, a $125 billion behemoth as big in its time as Facebook or Google are today. Now it’s being sold to Verizon for comparative chump change. On Monday morning, Yahoo is expected to announce the end of the long process to extricate itself from a mess of its own making with a sale of its core business to Verizon for just under $5 billion, according to multiple reports. The transaction ends the independence of one of Silicon Valley’s most iconic pioneering companies. Yahoo’s seventh and final CEO, Marissa Mayer, will reportedly depart with severence pay worth more than $50 million. ... (full story)

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