Yahoo was once the king of the Internet, a $125 billion behemoth as big in its time as Facebook or Google are today. Now it's being sold to Verizon for comparative chump change.
On Monday morning, Yahoo announced the end of the long process to extricate itself from a mess of its own making with a sale of its core operating business to Verizon for $4.8 billion in cash. The transaction ends the independence of one of Silicon Valley's most iconic pioneering companies. Yahoo's seventh and final CEO, Marissa Mayer, will reportedly depart upon the deal's conclusion with severence pay worth more than $50 million.
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