Yahoo sold to Verizon for $4.8 billion

 

SUNNYVALE, Calif. — Ending a storied chapter in Silicon Valley history, Verizon is the winning bidder for Yahoo’s internet business, and will pay $4.83 billion for the core of the troubled company, the two firms confirmed Monday. The deal will be finalized in the first quarter of 2017, pending approval from shareholders and regulators. Yahoo’s stakes…