Tag: Yahoo (NASDAQ: YHOO)

July 26, 2016 BY Valentina Kirilova

Verizon Communications report strong profitability in 2Q 2016

After the news that Verizon Communications Inc. (NYSE, Nasdaq: VZ) bought online pioneer Yahoo (NASDAQ: YHOO), the telecoms giant has reported second-quarter earnings reflecting strong profitability and customer retention at Verizon Wireless, a repositioning of the wireline network footprint and cost structure, and scaling of new growth markets in mobile video and the Internet of Things…

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July 25, 2016 BY Valentina Kirilova

Yahoo sold to telecommunications giant Verizon

Verizon Communications Inc. (NYSE:VZ) has confirmed $4.83 billion buyout of online pioneer Yahoo (NASDAQ: YHOO), marking end of an era for company that once defined the internet. The telecoms giant has been the leading candidate in Yahoo's four-month sale process. By pairing Yahoo with AOL, Inc. (NYSE:AOL), which Verizon bought in May 2015 for $4.4…

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