It's Official: Verizon To Acquire Yahoo Core Assets For $4.8 Billion

Almost a decade after Microsoft made an unsolicited bid to acquire Yahoo for $50 billion, moments ago Verizon confirmed recent rumors that it would acquire Yahoo operating business for approximately $4.83 billion in cash, far below initial estimates floated several months ago that the segment could sell for as much as $10 billion. So how much does Marissa Meyer collect for "creating value" at the company during her 5 year tenure? Somewhere around $300 million.

2 Killed, Up To 17 Injured In Fort Myers, Florida Nightclub Shooting

One month after the tragic Oralando shooting, which has since been swept away by a series of increasingly more escalating, disturbing and deadly mass shooting assaults in Europe, moments ago newswires reported that at least two people were killed and "at least 14-16" wounded during in a shooting at a Florida nightclub, police said early Monday. The incident happened during a "teen night" in the parking lot of Club Blu in Fort Myers at around 12:30 a.m. ET.

Democrats In Turmoil: DNC Chair Wasserman Schultz Resigns After Wikileaks Revelations

The Democratic party was in turmoil on Sunday afternoon, when just hours ahead of the Democratic National Convention which begins on Monday on Philadelphia, the chair of the Party - DNC Chairwoman Debbie Wasserman Schultz - resigned amid a furor over the humiliating Wikileaks email release, hoping to head off a growing rebellion by Bernie Sanders. And in a stunning move, moments later Hillary announced that Wasserman Schultz would serve as an honorary chair on Clinton's campaign.

China Bans Websites From Original Reporting

According to The Paper, major internet portals in China including Sina, Sohu, Netease and have shut down some of their original reporting operations after receiving “harsh criticism” from country’s top industry regulator. As Bloomberg adds, the Cyberspace Administration of China has cited portals for violating China’s internet regulations by carrying plenty of news content obtained through original reporting.

Anti-US Sabotage Suspected After Massive Fire Breaks Out Near NATO Headquarters In Turkey

A massive fire erupted near a NATO base in the Buca district, near Izmir, Turkey. The fire broke out on Sunday evening in western Turkey. The fire blew through the grassy wooded area and is now perilously near NATO’s military base pushed forward by strong winds.  In odd twist, local authorities are investigating the fire as a possible act of anti-American sabotage. The fire erupted shortly after Erdogan's leading Islamist paper headline officially targeted a US commander as coup leader adding his name & picture

G-20 Meeting Ends With Rising Discord Between China And US

While the G-20 group traditionally tries to put on a united front, a curious divergence emerged following the latest meeting in China, where as Bloomberg notes Chinese and U.S. officials "showed signs of being at odds on how synchronized efforts to boost global growth need to be, with China stressing the need for improved coordination more than the U.S."U.S. Treasury Secretary Jacob J. Lew on Thursday talked down the need for crisis-level coordination as he headed to Chengdu, China, for the meeting.

Mystery Over Munich Shooter's Motive: David Ali Sonboly Had "No Connection To ISIS", Obssessed With Mass Shootings

What was initially said to be a coordinated attack killing 9 and injuring 16, involving up to three gunmen, has since been attributed to a lone, 18-year-old German-born male student with both German and Iranian citizenship, identified moments ago as David Ali Sonboly. As authorities try to piece together the motive behind the latest mass killing the emerging picture is that of a mentally disturbed young man with an obssession for killing sprees, and who had undergone psychiatric treatment.