Yahoo expects $4.8B Verizon deal to close next quarter
January 24, 2017
Publishing | Sunnyvale, CA | Corporate Acquisition
In conjunction with its latest earnings report, Yahoo (NASDAQ: YHOO) has announced that it is continuing to work with Verizon (NYSE: VZ) on integration planning for the sale of its core business. The deal has come under renewed scrutiny, with The Wall Street Journal reporting that the SEC is investigating whether the security breaches at Yahoo that emerged late last year should have been reported to investors earlier. Although Yahoo's shares made modest gains on the heels of its earnings report to close at $42.40 apiece, Verizon finished the day trading off slightly at $52.41 per share.