Most analysts expect the deal to end the four-year reign of Yahoo's Mayer, who flopped in her attempts to turn around Yahoo. Yahoo will be rolled into Verizon's AOL operations and CEO Marissa Mayer may be reunited with AOL CEO Tim Armstrong. Verizon is buying Yahoo's real estate, along with the online operations. By the time Yahoo's board began soliciting bids for the company's online operations, investors had concluded that business was being so badly mismanaged that it had become virtually worthless. The holding company will drop the Yahoo name and adopt a new identify after Verizon takes control of the operating business.

Source: CBC News July 25, 2016 11:28 UTC