It has agreed to do so for $4.8 bn. Post the sale, the company will retain its investments in Alibaba as well as Yahoo Japan and a small portfolio of patents. Yahoo will also separately auction around 3000 patents which it expects will fetch more than $1 bn. At its peak in 2000, Yahoo was valued at over $125 bn. Currently, it is overall valued at around $36 bn.

Yahoo agrees to sell its core internet operations and land holdings to Verizon Communications

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