Verizon, Yahoo Near $5b Merger
Economy, Sci & Tech

Verizon, Yahoo Near $5b Merger

Verizon and Yahoo are set to announce that they are striking an acquisition deal, according to sources close to the situation.
The news is expected by Monday, although it could come earlier or later.
Yahoo told other bidders this afternoon that the Verizon Communications was the winner of the four-month process, said sources.
The transaction of about $5 billion still has to pass regulatory muster and also faces difficult integration issues.
The reception of the deal from Verizon shareholders will also be an issue.
There is always a chance it will not work out and one of the other bidders might throw in another offer once the terms are revealed, according to Re-Code.
Those terms are still unclear, including whether Verizon’s deal includes some or all of Yahoo’s patent and real-estate assets, which have some (though diminishing) value.
Verizon is set to report its quarterly results on Tuesday and sources said the pair hope to be able to announce details of the deal before then, if possible.
Verizon will also be getting a mass of media assets, some of which are still powerful, such as Yahoo Finance and Yahoo Sports, and others not so much.
Under current CEO Marissa Mayer, Yahoo spent large sums on content purchasing—such as its $1 billion acquisition of Tumblr and a deal to bring TV news star Katie Couric to the network.

Short URL : http://goo.gl/qHryHd
  1. http://goo.gl/J8Ofod
  • http://goo.gl/NEpXdT
  • http://goo.gl/GpuuIi
  • http://goo.gl/Vo0Y4b
  • http://goo.gl/b7SNDQ

You can also read ...

Turkey Worries Over Impact of Anti-Iran Sanctions
Turkey’s Economy Minister Nihat Zeybekci said his country “...
Currently, each US dollar is reportedly being traded for as much as 75,000 rials in Tehran’s black market.
Seventy days after the government decided to unify the US...
Gao Feng
China will maintain normal relations with Iran, the Commerce...
Fintech Event Highlights Women Business Leaders
The 5th round of Iran’s Financial Technology Event known as...
Iran’s Minister of Industries, Mining and Trade Mohammad Shariatmadari (L) and Serbian Minister of Trade, Tourism and Telecommunications Rasim Ljajic (2nd R) address a press conference in Belgrade on June 21.
Iranian Minister of Industries, Mining and Trade Mohammad...
Iran’s startup ecosystem has boomed in recent years.
Privately owned Bank Pasargad is poised to increase its...
Train Fares  Rise 10%
Train fares have risen by 10% as of June 22, a member of the...
Iran, Syria Revive Talks of Setting Up Joint Bank
Central Bank of Iran’s Governor Valiollah Seif discussed the...