The deal will end months of uncertainty about Yahoo's future after the company announced plans to review strategic alternatives in February. Bloomberg first reported the deal would be announced on Monday for $4.8 billion. Reuters reported on Friday that Verizon had emerged as the front-runner in the Yahoo auction. The announcement will come before the start of New York trading hours, the source added. It instead decided to explore a sale of its core assets, spurred on by activist hedge fund Starboard Value LP.

Source: Standard Digital July 24, 2016 19:18 UTC