After a months-long bidding process and many layoffs, Yahoo has finally found a buyer. Verizon (which owns AOL, which owns TechCrunch) is officially acquiring Yahoo’s core business for $4.83 billion in cash, which includes Yahoo’s advertising, content, search and mobile activities.
I just hope the new owner, Verizon, will be able to turn Yahoo! around. At the very least, I hope they can salvage what was left of it, especially those that were once great like Tumblr and Flickr, among others.