Purchase will boost Verizon’s AOL with advertising technology tools and search, mail and messenger assets

Verizon has confirmed it has agreed to buy Yahoo’s core internet business for $4.83bn (£3.62bn) in cash, ending a lengthy sale process for the fading web pioneer.

Buying Yahoo’s operations will boost Verizon’s AOL internet business, which it bought last year for $4.4bn, by giving it access to Yahoo’s advertising technology tools BrightRoll and Flurry, as well as other assets such as search, mail and messenger.

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