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Verizon reportedly in the market to buy Yahoo for large user base

February 9, 2016

Verizon, which acquired AOL last year, is now reportedly interested in taking on Yahoo as well.

According to Bloomberg, the wireless telecom giant has tasked AOL CEO Tim Armstrong with figuring out how to make it happen.

As Ars reported late last year, Yahoo announced that it would reverse course and not sell its Alibaba investment. Rather, the board of directors said Yahoo would now work to spin off its core businesses, keeping the original company as a holding entity for the Alibaba shares.

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