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Verizon $5bn Yahoo deal imminent

U.S. telco to announce acquisition of Internet company before start of trading on Monday, sources say.

U.S. telco to merge Yahoo with recently-acquired AOL unit; Yahoo to retain Asian assets, change its name when deal closes.

US telecoms giant Verizon Communications is to buy Yahoo's core internet business for $5bn (3.8bn), according to media reports.

Report claims Internet company could choose a suitor in a week.

Yahoo gave no update on attempts to sell its core internet business as the firm slumped to a $440m (332m) loss in the second quarter.

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