Yahoo, one of the Internet’s most venerable companies, won’t exist for much longer. Verizon confirmed plans to acquire Yahoo for $4.8 billion in July, and a new financial filing from Yahoo includes details of what’s going to happen next.
However, Verizon has promised that—if the increasingly bumpy buyout completes—the Yahoo brand will live on. July’s proposed sale included the firm’s operating business, but it didn’t include the big chunk of Chinese e-commerce site Alibaba owned by Yahoo, and it didn’t include certain other assets, mostly shares of Asia-based companies and non-core patents.
