Verizon said to end Yahoo survival fight with a $4.8b deal

Activist investors including Starboard Value demanded and then pressured for change

Yahoo Inc's years-long fight to survive as a standalone company has drawn to a close, internal sources said on Monday.

Verizon Communications Inc will announce plans to buy Yahoo's core assets for a bit more than $4.8 billion, said two people with direct knowledge of the situation who asked not to be identified.