July 2016: Verizon Buys Yahoo!

Updated February 11, 2017 | Infoplease Staff

World News | Disasters & Science News

Here's a slideshow depicting the major U.S. news events of July 2016.

Verizon Buys Yahoo!
Image of Verizon and Yahoo logos
On July 25, 2016, Verizon Wireless, the telecommunications company, purchases Yahoo Inc. for $4.8 billion. Four years ago Marissa Mayer, a former Google employee, took over Yahoo! in the hopes of turning the company's steady decline around, which has not happened. Verizon, who also purchased AOL last year, hopes to combine Yahoo's core business with their broadband technologies.
Photo source: AP Photo/Elise Amendola
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