Yahoo

The announcement will come before the start of New York trading hours, the source added.

The deal will end months of uncertainty about Yahoo's future after the company announced plans to review strategic alternatives in February.

Yahoo and Verizon both declined to comment.

Bloomberg first reported the deal would be announced on Monday for $4.8 billion.

The telecommunication giant Verizon.

Yes, Verizon Communications Inc. is reportedly closing in on a deal to acquire Yahoo’s core business for about $5 Billion, according to a report from Bloomberg.

Since the agreement between the companies has not been finalized, it is unclear at this moment that which Yahoo's assets the deal would include.
 

Investors are likely to be disappointed by the lack of an update on the sale of its search and advertising operations.

Chief executive Marissa Mayer said only that the board had made "great progress on strategic alternatives".

Yahoo reported a $60m rise in revenue to $1.3bn for the three months to June.

The increase was mainly generated by its core internet business, although mobile revenue jumped from $252m to $378m.

Most of top searches were celebrities, including Kim Kardashian and Jennifer Aniston.

1. Bobbi Kristina Brown

2. iPhone

3. Caitlyn Jenner

4. Kendall Jenner

5. Minecraft

6. Jennifer Aniston

7. Kim Kardashian

8. Katy Perry

9. Ronda Rousey

10. Farrah Abraham

Source: Yahoo Inc.

Expect more drama next year. Yahoo CEO Marissa Mayer wants to buy more time for the turnaround she promised after the Sunnyvale, California, company lured her away from Google three-and-half years ago.

Like her predecessors as Yahoo CEO, Mayer has been unable to snap the company out of a financial funk despite spending billions on acquisitions and new projects. Yahoo's stock has sunk by 35 percent so far this year as investors' frustration with the follies have mounted, spurring calls for her replacement.

"This is like an 'emperor has no clothes' situation," says Eric Jackson, a Yahoo shareholder and managing director of the New York hedge fund Ader Investment Management. "The company and the shareholders would be better served with her leaving."

In private meetings on Capitol Hill, industry officials have told lawmakers and congressional staff that they already ban grisly content like beheadings and alert law enforcement if they suspect someone might get hurt, as soon as they are aware of a threat.

These services come as smartphone cameras get better, and people take more photos and video with them. The problem is many of the images simply sit on the phones, taking up valuable space. Worse, digital memories can disappear when phones are lost or stolen.