5 Day Weather Forecast
  • Currently

    Sunny 100°
    RealFeel® 110°
  • Today

    Jul 24

    Hot with brilliant sunshine Hi 107°
    RealFeel 109°
    more
  • Tonight

    Jul 24

    Clear Lo 69°
    RealFeel 68°
    more
  • Tomorrow

    Jul 25

    Sunny and hot Hi 105°
    RealFeel 107°
    more
Jul 24, 2016; 3:00 PM ET
Short-Range Weather forecast overview for the Northwest United States
Northwest Short-Range Regional Weather Forecast

CBS12 Chico

Verizon said to be buyer of Yahoo for $5 billion: Reports

Verizon said to be buyer of Yahoo for $5 billion: Reports

NEW YORK (AP) - Verizon has agreed to buy online portal Yahoo Inc. for roughly $5 billion, according to multiple media reports citing a single unnamed source.

The deal is expected to be announced formally on Monday before markets open.

Verizon had emerged in recent days as the front runner for the beleaguered internet company. The deal was expected to be formally announced before markets open on Monday.

Yahoo is expected to sell its email service and news, finance and sports websites in addition to its advertising tools under pressure from shareholders fed up with a downturn in the company's revenue during the past eight years.

After the sale is completed, Yahoo will become a holding company for its two stakes in China's e-commerce leader, Alibaba Group, and Yahoo Japan.

Copyright 2016 The Associated Press. All rights reserved.


Permalink| Comments


The Latest: Central California fire threatens 1,650 homes

Michigan pays legal fees for Detroit Public Schools

Northwest U.S. & Redding Weather Reports

    Loading...

    Loading...

    Loading...