Verizon Set To Buy Yahoo

Similar to the AT&T-Time Warner merger, Verizon in July announced its intent to acquire Internet giant Yahoo's media, search, and communications assets in a $4.83 billion deal.  

At the time of the announcement, Verizon Chairman and CEO Lowell McAdam said that the acquisition would help Verizon become a global mobile media company, and help accelerate the carrier’s digital advertising revenue stream. The deal shined a light on the fact that carriers are feeling the need to innovate, rather than rely on their legacy connectivity services, especially as providers like Google, Apple, and Netflix are leveraging connectivity to deliver lucrative content to consumers and businesses.