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Verizon Communications Inc News

16 May 2017

Yahoo to buy back $3 billion shares

Yahoo said it would pay between $50.79 and $44.74 per share based on its calculations, Alibaba`s share price and timing of the buyback.

Verizon Communications Inc

21 Feb 2017

Yahoo slashes price of Verizon deal $350 mn after data breaches

Yahoo slashed the price of the sale of its core Internet business to Verizon by $350 million following a pair of major data breaches at Yahoo, the two companies announced Tuesday.

Verizon Communications Inc

15 Feb 2017

Verizon close to Yahoo deal, price cut of $250-350 million

Verizon Communications Inc is close to a revised deal to buy Yahoo Inc`s core internet business for $250 million to $350 million less than the original agreed price of $4.83 billion, according to a source briefed on the matter.

19 Oct 2016

Yahoo revenue rises 6.5%; net income rises to $162.8 million

Yahoo Inc reported a 6.5 percent rise in quarterly revenue on Tuesday, positive news for the beleaguered company whose deal to sell its core business to Verizon Communications Inc has been shaken by a massive data breach.

18 Oct 2016

Yahoo profit beats estimates as emerging businesses shine

Yahoo Inc reported better-than-expected quarterly adjusted profit on Tuesday, a boost for the beleaguered company whose deal to sell its core business to Verizon Communications Inc has been shaken by a massive data breach.

22 Sep 2016

Yahoo set to confirm massive data breach - Recode

Yahoo Inc will confirm this week a massive data breach of its service, technology news website Recode reported on Thursday, citing several sources close to the situation.

Verizon Communications Inc

26 Jul 2016

Read –Yahoo CEO Marissa Mayer's letter to employees

Marissa Mayer, CEO of Yahoo, wrote a letter to employees soon after announcement of the acquisition came.

Verizon Communications Inc

20 Apr 2016

Verizon set to make Yahoo's bidder short list

Verizon Communications Inc was set on Tuesday to advance to the second stage of bidding for Yahoo Inc`s core assets, as the U.S. internet company went through offers to put together a short list, people familiar with the matter said.

Verizon Communications Inc

13 Apr 2016

40,000 Verizon wireline workers walk off the job; services not to be affected, says company

The strike was called by the Communications Workers of America and the International Brotherhood of Electrical Workers - unions that jointly represent nearly 40,000 employees in Verizon`s wireline operations.

08 Apr 2016

Yahoo extends deadline for bids by a week - Re/code

Yahoo Inc has extended the deadline to bid for its businesses by a week to April 18, technology news website Re/code reported, citing people familiar with the matter.

Cablevision Systems Corp

20 May 2015

Cablevision sues Verizon over commercial targeting FiOS

Cablevision Systems Corp sued Verizon Communications Inc on Tuesday, seeking a judge`s finding that its television commercial claiming Verizon`s FiOS service does not solely use fibre optic cable is truthful.

Verizon Communications Inc

12 May 2015

Verizon to buy AOL in $4.4 billion deal

Verizon Communications Inc said it would buy AOL Inc in a deal valued at about $4.4 billion to gain access to AOL`s digital advertising service and content.

19 Mar 2015

T-Mobile takes aim at business market with new cellular plans

T-Mobile US Inc rolled out cellular and data plans for business customers, taking aim at a lucrative market segment long dominated by larger rivals AT&T Inc and Verizon Communications Inc .

Verizon Communications Inc

06 Jan 2015

Verizon approaches AOL on potential deal: Report

Verizon Communications Inc approached AOL Inc about a potential acquisition or joint venture to expand its mobile-video offerings, Bloomberg reported, citing people with knowledge of the matter.

Verizon Communications Inc

18 Sep 2014

Verizon open to divesting cell tower assets: CFO

Verizon Communications Inc is open to divesting its network`s assets including its cell towers, the company`s chief financial officer said on Wednesday.

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