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AABA Altaba Inc

19.63
0.00 (0.00%)
06 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Altaba Inc NASDAQ:AABA NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 19.63 19.12 19.61 0 01:00:00

Verizon Nears Deal for Yahoo's Internet Businesses

22/07/2016 3:33pm

Dow Jones News


Altaba (NASDAQ:AABA)
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By Dana Cimilluca 

Verizon Communications Inc. is nearing a deal to buy Yahoo Inc.'s core internet businesses, an agreement that would end a tumultuous period for the beleaguered internet company.

Verizon, long considered the most likely buyer since Yahoo put itself up for sale, could reach a deal to buy the company in the coming days, according to a person familiar with the matter.

Other bidders that have been vying for Yahoo could re-emerge, and an agreement with Verizon isn't guaranteed, the person cautioned.

Bloomberg News earlier Friday reported that Verizon was likely to prevail in the auction.

Write to Dana Cimilluca at dana.cimilluca@wsj.com

 

(END) Dow Jones Newswires

July 22, 2016 10:18 ET (14:18 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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