Verizon confirmed Monday that it had reached a deal to buy Yahoo’s land holdings and core internet operations for $4.83 billion. Yahoo was once an internet behemoth valued at as much as $125 billion. The takeover will end months of uncertainty about Yahoo’s future, which began in February with an announcement the company would review strategic alternatives. In a letter to employees posted on Tumblr early Monday, Yahoo CEO Marissa Mayer said she intended to stay on at the company, but it is not known where she will land.
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