Verizon to Buy Yahoo for $4.83 Billion

Two years ago — an epoch in Silicon Valley time — AOL chief executive Tim Armstrong proposed a merger to Yahoo chief executive Marissa Mayer.

Armstrong and Mayer are former Googlers hired to run and rescue these former marquee Internet destinations. But AOL and Yahoo were struggling in an increasingly mobile online world dominated by Google and Facebook.

Mayer rejected Armstrong’s offer.

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