Yahoo facilities sign

Verizon to buy Yahoo for $4.8 billion

For a long time, Yahoo’s fortunes have dwindled, with lots of wondering what will become of the 90s Internet giant. Now, it’s official: the company is being sold to Verizon for $4.8 billion. Yahoo plans to sell Verizon most of its famous assets, such as its web services (finances, a web portal, etc.), Flickr, Tumblr, and even the company’s name/logo.

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Box of AOL disks

Verizon to buy AOL for $4.4 billion

News came today that mobile service giant Verizon will be buying one-time online giant AOL for $4.4 billion. Apparently, the company’s interested in AOL as part of shoring up its mobile and video advertising services. What’s less specific is what’ll happen to the various online sites that AOL owns, most prominently the Huffington Post. There’s talk

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AT&T to buy T-Mobile: not a good sign

In the tech news here this week is the announcement that US telecom giant AT&T is buying smaller mobile carrier T-Mobile, which will reduce the number of nationwide major carriers to three (AT&T, Verizon, and Sprint, though Sprint is smaller than the “big two”). Ars Technica reports all the ugly details of this, and why

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