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What the Verizon-Yahoo deal means for usersVerizon is buying Yahoo's internet assets for $4.83 billion. CNET's Lexy Savvides and Ian Sherr have the Inside Scoop on what it means if you use Yahoo Mail, Sports and Finance.
Verizon will buy Yahoo in a deal worth $4.83 billion. Ian Sherr, executive editor of CNET News, is here to give us the inside scoop on this deal. Now, Ian, Verizon buying Yahoo is a big deal. Now, what are they buying, and why does Verizon want Yahoo? Well, what they're buying is pretty much everything we know Yahoo to be. So their email, photos Yahoo Sports, fantasy football, all the stuff you know Yahoo to be, they're taking it. The reason why is actually more complex. They're trying to become a media company. They bought AOL last year, for a little less than they're buying Yahoo now. And they're basically turning themselves into this big competitor to people like Facebook and Google and even Comcast on some level, right? They're an internet connector, and they are buying people like NBC. So they're trying to become a media company, too. It's really fascinating to be watching. For users that are using Yahoo products, like all of those products you mentioned, fantasy football, email All of that, what is gonna happen? So it's all up in the air, so odds are that they're not gonna just shut it down, because Yahoo is one of the biggest places on the internet, and taking that away would basically throw away all of the value they just put into paying for it. So they'll probably hold onto it. Whether or not they'll rebrand it is another question. They might turn it into Verizon AOL, or whatever they'll call it. Always. And so that could happen, but otherwise people who use Yahoo email will probably continue to use Yahoo email for a very long time. And what about other Yahoo products, like search, say, for example, that has the Bing integration and partnership? What will happen there? It's gonna be interesting because that is really built around a partnership and an agreement, and That agreement might get renegotiated now that Verizon is in charge. It'll be interesting to see how this all shapes out. Finally, Marissa Mayer decided that she wants to stay on, now why is that? It's interesting, I think she wants to prove herself. Right? She certainly made enough money. She's worked at Google, shes been the CEO at Yahoo, and shes made millions of dollars. It's really about, she was brought into save this company, and, ultimately, it got sold, and so maybe under Verizon, she can finally prove that she can fix this company. But it's really ultimately up to Verizon whether they want her to do it. Ann, thank you so much for your insight, and if you wanna find out more on the Yahoo and Verizon deal, head to cnet.com. [SOUND]