US internet firm Yahoo is being acquired by American telecoms giant, Verizon Communications, for nearly $5billion (£3.8billion) in cash. Yahoo will be combined with AOL, another faded internet star, which Verizon bought last year. The deal does not include Yahoo’s valuable stake in Chinese firm Alibaba. The price tag for the deal is well below the $44billion Microsoft offered for Yahoo in 2008 or the $125billion it was worth during the boom

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