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A comment on Verizon closes $4.5B acquisition of Yahoo, Marissa Mayer resigns. Parent comment

Re:Verizon closes $4.5B acquisition of Yahoo, Marissa Mayer ... by Infernal on Tuesday June 13, 2017 @11:53AM (#14545713)
Can someone explain how Yahoo's valuation increased by $33B, and yet it was sold for only $4.5B? Was Yahoo terribly in debt when Marissa took over? Or does the metric for valuation have no basis in reality?
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Re:Verizon closes $4.5B acquisition of Yahoo, Marissa Mayer ... by phonon on Tuesday June 13, 2017 @11:58AM (#14545765)
Most of Yahoo!'s value was in their assets, not their operating business. The operating business was sold to Verizon. The assets were spun off as "Altaba".
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Re:Verizon closes $4.5B acquisition of Yahoo, Marissa Mayer ... by Infernal on Tuesday June 13, 2017 @12:14PM (#14545886)
Ah, thanks! That makes a lot more sense.
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