HALISTER: Verizon to Buy Yahoo! Core Assets for $4.83b in Cash

Verizon to Buy Yahoo! Core Assets for $4.83b in Cash

(Bloomberg) -- Verizon, Yahoo see deal closing seen 1Q 2017; YHOO to become publically traded investment co.
  • YHOO to return substantially all of its net cash to shareholders
  • YHOO shrs halted pre-mkt
  • NOTE: July 24, VZ said to win YHOO with $4.8b deal
Statement: NSN OAVAK83MSFLT
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
VZ US (Verizon Communications Inc)
YHOO US (Yahoo! Inc)

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