Tomorrow morning, Verizon will announce its plan to buy Yahoo’s core assets for a pitiful $4.8 billion according to “two people with direct knowledge of the situation,” Bloomberg reports. Considering that at the peak of its success, Yahoo was valued at $125 billion, this is yet another benchmark moment in the…
The FCC has approved AT&T’s $48.5 billion purchase of DirecTV. That means the second-biggest cell carrier is officially merging with the biggest satellite TV provider.
Verizon just bought AOL, but before that, AOL was a company with deep pocketbooks (all that dial-up money!) and a very weird portfolio of acquisitions.
Twitpic just announced that it is staying in business, thanks to a mystery buyer.