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Verizon to announce $5 billion deal to buy Yahoo on Monday: source
Source: Reuters
Technology | Sun Jul 24, 2016 2:22pm EDT
Verizon to announce $5 billion deal to buy Yahoo on Monday: source
Verizon Communications Inc (VZ.N) will announce an agreement on Monday to buy Yahoo Inc (YHOO.O) for about $5 billion, according to a person familiar with the matter.
The announcement will come before the start of New York trading hours, the source added.
The deal will end months of uncertainty about Yahoo's future after the company announced plans to review strategic alternatives in February.
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Verizon to announce $5 billion deal to buy Yahoo on Monday: source
Verizon Communications Inc (VZ.N) will announce an agreement on Monday to buy Yahoo Inc (YHOO.O) for about $5 billion, according to a person familiar with the matter.
The announcement will come before the start of New York trading hours, the source added.
The deal will end months of uncertainty about Yahoo's future after the company announced plans to review strategic alternatives in February.
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Read more: http://www.reuters.com/article/us-yahoo-m-a-verizon-idUSKCN1040U9
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