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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 |
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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