US telecoms giant Verizon Communications is to buy Yahoo's search and advertising operations for $5bn (£3.8bn), according to media reports.

 

The two firms were reported on Friday to be in exclusive talks over a possible deal, BBC reports.

 

US internet firm Yahoo announced in February that it was looking at "strategic alternatives" for its core internet business.

 

Verizon declined to comment on the reports.

 

A formal announcement is expected on Monday before US markets open for trading.

 

Over the last few years Yahoo has struggled to keep up with the changing internet advertising landscape, with some analysts arguing that it has failed to remain relevant in many of its core markets.

 

Photo: BBC

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