• That’s So Mavens: Today’s big deal is that Verizon has agreed to acquire the core Internet assets of Yahoo for $4.83 billion in cash. Quick hits:

1. This has been the most logical outcome since the beginning of Yahoo’s auction process. And that’s not just hindsight. Check out our original odds, published back in February. Its cash was cheaper than that of private equity (TPG Capital was among the final bidders), its synergies made more sense than one-off buyers (e.g., Dan Gilbert, with the backing of Warren Buffett) and it already has an obvious manager in AOL's Tim Armstrong to take over for Marissa Mayer.

2. The deal is slated to close in Q1 2016, but Yahoo said during a conference call this morning that it will not rule out the possibility of non-core asset sales in the interim.

4. Remember when bankers were leaking that this deal could be worth upwards of $8 billion?

4. It appears that Marissa Mayer will remain with Yahoo through the end of the sale process, although: (a) That's not been explicitly said; and (b) No official word on if she'll join Verizon, although she is not expected to do so.

5. Speaking of Mayer: I vividly remember the day she was named Yahoo CEO, because it was the opening afternoon of Fortune Brainstorm Tech and she had been expected to speak (on behalf of Google). At the time, I recalled Brainstorm attendees having lots of optimism about her tenure, given their belief that she'd supercharge Yahoo's new product portfolio, as opposed to expanding its media efforts (in the end, she mainly focused on mobilizing existing product and continuing the media focus via things like digital magazine launches).

Most importantly, however, I felt that she was in a no-lose situation: She was taking over a ship that everyone believed was sinking. If she turned things around, then she'd be hailed as a business genius. If she didn't... well, of course it sunk. Kind of like what I argued when Cerberus bought Chrysler.

This is not, however, the way things played out in the court of public opinion. A lot of that is on Mayer for a management style that rubbed certain people the wrong way (she was a first-time CEO), and a lot of that is on Yahoo PR for letting her appear on the cover of any magazine that would have her (the higher the profile, the steeper the fall). And, to be sure, her ridiculously large compensation package annoyed shareholders. But, in the end, I stand by my original sentiments. This was a 3-alarm fire that Mayer failed to put out, rather than one she started.

• Speaking of Marissa: If she's not at a venture capital or private equity firm in one year from now, I'll be quite surprised.

• Listen in: Fortune today is announcing a new weekly podcast series called Unfiltered, focusing on the personal journeys of business leaders. It will be hosted by my colleague Aaron Task, and you can subscribe for free at iTunes here or via your favorite podcasting service here.

Today we're also releasing the first three Unfiltered podcasts, featuring Rob Manford (MLB commish), Beth Comstock (GE vice chair) and Gary Vaynerchuk (founder of VaynerMedia).

THE BIG DEAL

• Verizon (NYSE: VZ) has agreed to acquire the core Internet assets of Yahoo (Nasdaq: YHOO) for $4.83 billion in cash. Read more.

VENTURE CAPITAL DEALS

• StackPath, a Texas-based cybersecurity startup, has raised $150 million in Series A funding from ABRY Partners. Read more.

• Kandou Bus SA, a Swiss developer of high-speed serial links, has raised $15 million from Bessemer Venture Partners. www.kanducom

PRIVATE EQUITY DEALS

• Ardian has acquired a minority equity stake in Jechange.fr, a French comparison pricing platform for services like energy and telecom. No financial terms were disclosed. www.jechange.fr

• Douglas Acquisitions LLC has acquired Quantum Fuel Services, a Lake Forest, Calif.-based provider of compressed natural gas fuel systems for the auto and heavy-duty industries. No financial terms were disclosed. www.qtww.com

• ICV Partners has acquired Universal Turbine Parts LLC, a Prattville, Ala-based seller of refurbished turboprop engine components and engines. No financial terms were disclosed. Farol Asset Management and Neuberger Berman invested alongside ICV.
www.utpparts.com

• Pretium Packaging, a Chesterfield, Mo.-based portfolio company of Genstar Capital, has acquired Custom Blow Molding, an Escondido, Calif.-based packaging and container producer for the sports nutrition and nutraceuticals market. No financial terms were disclosed. www.pretiumpkg.com

• Professional Physical Therapy, a physical therapy provider owned by Great Point Partners, has acquired both Achieve Sports Medicine & Rehab and PRO Physical Therapy. No financial terms were disclosed for the deal, which gives PPT three additional New Jersey clinics. www.professionalpt.com

• PSP Investments and Ontario Teachers have agreed to acquire Cubico Sustainable Investments Ltd., a British investment firm focused on renewable energy and water infrastructure, from Banco Santander SA. No financial terms were disclosed, except that PSP and Teachers each will have a 50% ownership stake. www.cubicoinvest.com

• QuVa Pharma Inc., a Sugar Land, Texas-based pharma compounding company owned by Bain Capital, has agreed to acquire an FDA-approved biotech pharma facility in New Jersey for an undisclosed amount. www.quvapharma.com

• Unified Power, a Terrell, Texas-based portfolio company of Pfingsten Partners, has acquired 24/7 Technology Inc., a Marietta, Ga.-based provider of preventative and emergency maintenance services to the power services market. No financial terms were disclosed. www.unifiedpowerusa.com

• Wind Point Partners has acquired St. George Logistics, a Kearney, N.J.-based provider of outsourced ocean container freight station. No financial terms were disclosed. www.stgusa.com

IPOs

• Companies expected to price IPOs on U.S. exchanges this week include Talend, BioVentus, Kadmon Holdings and Kinsale Insurance. Read more.

EXITS

• Quickr, an Indian online classifieds company, has acquired Hiree, an Indian online classifieds platform focused on white collar jobs, for an undisclosed amount. Quickr has raised nearly $350 million in VC funding from firms like Tiger Global, Warburg Pincus, eBay, Matrix Partners and Norwest Venture Partners. Hiree had raised over $3 million from firms like IDG Ventures. Read more.

• Teradata (NYSE: TDC) has acquired Big Data Partnership, a UK-based provider of big data solutions and training. No financial terms were disclosed. Big Data Partnership had raised around $7 million in VC funding from firms like Beringea. Read more.

• TSG Consumer Partners has agreed to sell IT Cosmetics, a Jersey City, N.J.-based cosmetics company, to L’Oreal (Paris: OR) for $1.2 billion in cash. www.itcosmetics.com

• WorkDay (NYSE: WDAY) has agreed to acquire Platfora, a Palo Alto, Calif.-based provider of big data management software. No financial terms were disclosed, although news reports place the price-tag just shy of $200 million. Platfora had raised around $95 million in VC funding from firms like HSBC, Harmony Partners, Allegis Capital, Andreessen Horowitz, Battery Ventures, Citi Ventures, Cisco, Sutter Hill Ventures and Tenaya Capital. Read more.

OTHER DEALS

• 888 Holdings (LSE: 888) and the Rank Group (LSE: RNK) are considering a joint takeover offer for William Hill (LSE: WMH), a UK-based bookmaker, for upwards of £3 billion. Read more.

• G-III Apparel Group (Nasdaq: GIII) has agreed to acquire Donna Karan International, the parent company of clothing label DKNY, from LVMH (Paris: LVMH) for $650 million. Read more.

FIRMS & FUNDS

• CreditEase Group, a Chinese wealth management firm that also runs P2P lender Yirendai Ltd., is raising upwards of $200 million for a new global private equity fund, according to Bloomberg. Read more.

• David Ma, a former partner with Hillhouse Capital Management, is launching a Hong Kong-based investment firm called Composite Capital Management. The new shop will invest in both public and private equity, according to Bloomberg. Read more.

MOVING IN, ON & UP

• Christopher Mulshine has joined Lazard as a managing director in the firm’s private capital advisory practice. He previously was with Credit Suisse as head of capital services in the Americas. www.lazard.com

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