It's not exactly a secret that Yahoo has been struggling recently, seeming unfocused and not having any real idea what to do with its products and services. To that end, the company has been looking for a buyer for the last four months, with multiple parties interested in acquiring the stricken, fallen colossus. That process has now come to an end, resulting in Verizon purchasing the 'operating business' (the day-to-day activities and products) of the former web giant for $4.83 billion.

The deal will complement Verizon's other former internet behemoth, AOL, in what is being seen as a deal to boost the ad services Verizon offers.

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