Verizon Buys Yahoo For 4.83 Billion [VIDEO]

Verizon confirmed Monday that it had reached a deal to buy Yahooโ€™s land holdings and core internet operations for $4.83 billion. Yahoo was once an internet behemoth valued at as much as $125 billion. The takeover will end months of uncertainty about Yahooโ€™s future, which began in February with an announcement the company would review strategic alternatives. Yahoo CEO Marissa Meyer is expected to leave the company.