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Verizon has bought Yahoo for $4.83bn

So it’s official, Verizon (NYSE:VZ) will acquire Yahoo (NASDAQ:YHOO) and its real estate for $4.83 billion. The deal was all but official last Friday, however the details were still in question. Reports suggested the company bought Yahoo for $5 billion, which we now know was a touch more than the official figure.

Part of what made this auction so lengthy was what exactly was for sale. Because Yahoo has large stakes in other companies, patents and real estate, along with its core business, finding buyers – and what they wanted to buy – complicated the procedure.

In the end, Alibaba (NYSE:BABA) and Yahoo Japan (OTCPK:YAHOF) will not be included in the deal, nor will the company’s patents or cash.

The deal is now expected to close in the first quarter of 2017, which will end with Yahoo changing its name and remaining a publicly-traded entity.