Verizon buys Yahoo for $4.83B, marking end of an era

Verizon buys Yahoo

Verizon is buying Yahoo for $4.83 billion, marking the end of an era for a company that once defined the internet.

The sale announced today marks the second time in two years that Verizon has snapped up the remains of a fallen internet star as it broadens its digital reach. The nation's largest wireless carrier paid $4.4 billion for AOL last year.

Verizon won the Yahoo bidding after a five-month auction. Read More Bbarta24.net