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Verizon confirms it's buying Yahoo for $4.8 billion


One of the biggest websites in the world could soon be property of Verizon.

Yahoo will be bought by the internet and phone giant for $4.83 billion, Reuters reports.

AT&T and a group lead by the co-founder of Quicken Loans were also in the running for the embattled site, USA Today reports.

Yahoo owns Tumblr and photo-sharing service Flickr. It also owns the video advertising company BrightRoll.

Yahoo! Jingle (Yodel)

Yahoo was once dominant in the early days of the internet, and it still brings in about a billion monthly users, Fortune reports. But its financial struggles have been well-documented.

Would you miss Yahoo?

Be honest: Would you miss Yahoo if this deal went through? 

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