It is a broadband telecommunications company and the largest U.S. wireless communications service provider.

The name Verizon derives from the combination of the words veritas, Latin for truth, and horizon .

The company is based in Midtown Manhattan, New York City.

It  was founded as Bell Atlantic, which was one of the seven Baby Bells.

VERIZON COMMUNICATIONS INC.

Number of employees:- 177,900 Revenue: 131.6 billion USD (2015) Net income: 17.87 billion USD (2015) Total assets: 244.6 billion USD (2015) Subsidiaries: Verizon Wireless, AOL, Verizon

Fios , etc.

FACTS AND FIGURES

DATE ACQUIRED AMOUNT12-Sep-16 Sensity Systems Unknown

1-Aug-16 FleetMatics $2.4B in Cash

25-Jul-16 Yahoo! $4.83B in Cash

21-Jun-16 Telogis Unknown

18-Apr-16 Complex Unknown

16-Mar-16 Volicon Unknown

22-Feb-16 XO Communications $1.8B (terms undisclosed)

12-May-15 AOL $4.4B in Cash & Stock

LATEST ACQUISITIONS

 It is an American multinational technology company headquartered in Sunnyvale, California.

FOUND by Jerry Yang and David Filo in January 1994 and was incorporated on March 2, 1995.

Marissa Mayer, a former Google executive, serves as CEO and President of the company.

It is known for its Web portal, search engine Yahoo! Search, and related services.

 Yahoo! is the highest-read news and media website, with over 7 billion views per month, being the fourth most visited website globally, as of June 2015.

YAHOO

On July 25, 2016 Verizon Communications announced its intent to acquire Yahoo's internet business for US$4.8 billion.

Why verizon taking over yahoo is sad deal? In 2001, Yahoo could have bought Google

for $3 billion. In 2006, it offered Facebook $1 billion and didn't up the offer when it was knocked back.

Today, Google is worth a reported $498 billion. Facebook about $350 billion.

Those misses, and a failure to adapt to new technology as the internet evolved are largely behind Yahoo's fall from the top.

Pretty much everything Yahoo owns, except: Yahoo's stake in Chinese e-commerce giant

Alibaba A 35 per cent stake in Yahoo Japan

So, what did Verizon buy?

A billion users is nothing to sneeze at.

Tumblr and Flickr have small but passionate user bases.

But it's clear Verizon, a telecommunications giant in the US, had made the purchase to help grow its digital advertising revenues.

Is Verizon building an internet museum? Why buy Yahoo?

Yahoo CEO Marissa Mayer: This transaction also sets up a great opportunity for Yahoo to

build further distribution and accelerate our work in mobile, video, native advertising and social.

Verizon Chairman and CEO Lowell McAdam: The acquisition of Yahoo will put Verizon in a highly competitive

position as a top global mobile media company, and help accelerate our revenue stream in digital advertising

AOL CEO Tim Armstrong: Combining Verizon, AOL and Yahoo will create a new powerful

competitive rival in mobile media, and an open, scaled alternative offering for advertisers and publishers

Here's what the key players had to say: