The U.S. Justice Department has opened a probe of potential coordination by AT&T Inc, Verizon Communications, a telecommunications standards organization and potentially other providers to hinder consumers from easily switching wireless carriers, a person briefed on the matter said on Friday. Verizon confirmed the government inquiry, calling it “much ado about nothing,” adding that it […]
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Verizon has taken over Yahoo, completing a $4.5 billion deal that will usher in a new management team to attempt to wring more advertising revenue from one of the internet’s best-known brands. Tuesday’s closure of the sale ends Yahoo’s 21-year history as a publicly traded company. It also ends the nearly five-year reign of Yahoo […]
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Yahoo said Monday that board member and former internet executive Thomas McInerney would lead the business that remains after the sale of its core assets to Verizon is completed. The internet pioneer said the sale of its main operating unit was on track to be completed in the second quarter, and that McInerney would head […]
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Verizon Communications Inc sought almost triple the price reduction that it ultimately obtained for Yahoo Inc’s core assets following two massive cyber attacks at the internet company, according to a Yahoo filing. The closing of the deal, which Verizon first announced in July for a purchase price of $4.83 billion, had been delayed as the […]
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Verizon Communications Inc said on Tuesday it would buy Yahoo Inc’s core business for $4.48 billion, lowering its original offer by $350 million in the wake of two massive cyber attacks at the internet company. The closing of the deal, which was first announced in July, had been delayed as the companies assessed the fallout […]
Read More Yahoo’s quarterly profits shot up by more than double to $163 million even as it prepares for a takeover by Verizon. The faded internet pioneer skipped its usual quarterly earnings call with analysts due to the pending takeover by the US telecommunication company, for which chief executive Marissa Mayer said Yahoo is busy preparing despite […]
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Verizon said Thursday the massive breach affecting 500 million Yahoo customers could have a “material” effect on the $4.8 billion deal to acquire key assets of the Internet group. The comments from Verizon general counsel Craig Silliman suggest the US telecom giant could seek to reduce the purchase price or walk away from the deal. […]
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