After a decade of floundering, the former internet giant Yahoo will be independent no more. The U.S. telecommunications company, Verizon, will purchase Yahoo for $4.8 billion which is only a fraction of the $125 billion Yahoo was formerly worth. The only saving grace for Yahoo was their acquisition and holding of ample Alibaba stock, which Verizon will now control.

Source: https://techcrunch.com/2016/07/24/yahoo-bid/