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VZ Verizon Communications Inc

38.90
-0.30 (-0.77%)
After Hours
Last Updated: 00:25:41
Delayed by 15 minutes
Share Name Share Symbol Market Type
Verizon Communications Inc NYSE:VZ NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.30 -0.77% 38.90 39.48 38.75 39.32 17,508,418 00:25:41

Verizon Nears Deal for Yahoo's Internet Businesses

22/07/2016 3:33pm

Dow Jones News


Verizon Communications (NYSE:VZ)
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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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