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Verizon Communications Inc said on Monday it would buy Yahoo Inc's core internet properties for $4.83 billion in cash to expand its digital advertising and media business, ending a lengthy sale process for the fading Web pioneer. The purchase will boost Verizon's AOL internet business, which it bought last year for $4.4 billion, as it gains access to Yahoo's ad technology tools, BrightRoll and Flurry, and search, mail and messenger assets. “Yahoo gives us scale that is what is most critical here, Marni Walden, who is head of product innovation and new business at Verizon told CNBC, adding that the company's audience will go from the millions to the billions.

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SAN FRANCISCO (Reuters) – Apple Inc and electric battery maker A123 Systems are close to settling a legal dispute over claims that the smartphone and computer maker, which is also looking into building an electric vehicle, poached A123 employees to build a large-scale battery unit. A123, which makes batteries that are used in electric cars, sued Apple in February in Massachusetts federal court, claiming that around June 2014 Apple began aggressively poaching A123 engineers tasked with leading some of the company's most critical projects. Apple denied the claims. The Waltham, Mass. …