KQED Nightly Business Report July 26, 2016
One of thet disrupters. Yahoo has agreed to sell its core business to verizon for nearly 5 billion. For yahoo , it not only ends a drawn out auction process, but caps ceo Marissa Mayers four year turn around effort. For verizon, it extending the companys digital reach to make it a bigger rival to google and facebook. Shares of both verizon and yahoo find the day lower. Julia has more on the deal and whats likely to happen next. Telecom giant, verizoa a hoo. Verizon hoping to combine data from sma aol and yahoo s ad statements to create an ad giant to rival google and b facebook. Theyve moderni...