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Verizon CEO Lowell McAdam just explained why he paid $5 billion for Yahoo (VZW, YHOO)

Verizon bought Yahoo for $4.8 billion on Monday. That's not a huge check for Verizon, a company worth $220 billion. Still, its CEO Lowell McAdam sees big opportunities in Yahoo, who will lead Verizon's digital initiatives with AOL, the web service he bought for $4.4 billion last year. "By acquiring Yahoo's operating business, we are scaling up to be a major competitor in mobile media.
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