New jersey, California – Verizon acquires AOL an year back and now it acquires Yahoo for 4.8$ Billions. Now these entity will give strong reply in terms of advertising and operations for Google and Facebook. In fact yahoo got many offers few years back for 40$ Billions. Also they reported that deal will close by Q1 of 2017 and till then Yahoo will work and develop as single entity. Yahoo reported that currently it is giving services to 1 Billion people and 600 Million from mobile.
Source – Verizon.com