She did it, you guys. She finally did it.
Verizon Communications Inc. is nearing a deal to buy Yahoo! Inc., beating out rival bidders, people familiar with the matter said.
Verizon is discussing a price close to $5 billion for Yahoo’s core Internet business, one of the people said.
Marissa "Evita Breadsticks" Mayer has been to hell and back but, by gum, she has capitulated to raging shareholders pushed forward and is now poised to pull off a massive deal by offloading the charred remains of Yahoo for a nice round figure. But since this is Marissa Mayer selling Yahoo, what exactly is Verizon buying?
The deal doesn’t include the company’s patents at this stage, the person said. While other assets including Yahoo’s real estate were also on the block, it could not immediately be learned if they are part of the deal.
So, no patents, no Alibaba stock, no Yahoo Japan, but you do get land? This is a new kind of tech deal.
Obviously Verizon is also getting Yahoo's search, data and ad businesses, but those are balanced out by stuff like Yahoo's epically terrible deal with Mozilla. One person inside Verizon who would love to see this go down is AOL CEO Tim Armstrong, who could use Yahoo's media division to bolster his own situation and simultaneously acqui-hire his old Google colleague/rival Mayer.
But other than Tim Armstrong's needs and revenge fantasies, there is a lot to question about why Verizon would pay $5 billion for parts of a very wounded company.
The two companies are in one-on-one discussions, one of the people said. The deal hasn’t been finalized and may still fall apart, they said.
D'uh. It's Yahoo, dude.
Verizon Nears Deal to Acquire Yahoo [Bloomberg]