Verizon Communications will announce an agreement on Monday to buy Yahoo for about $5 billion, according to a person familiar with the matter.
The announcement will come before the start of New York trading hours, the source added
Yahoo is focusing on US telecom company Verizon Communications as the buyer of its core business after reviewing final bids that it received this week, people familiar with the matter said on Friday.
A deal would boost Verizon'
Verizon Communications Inc, the No. 1 U.S. wireless provider, said on Wednesday that it would increase plan rates but expand data buckets by 30 percent for its customers, who increasingly stream content through mobile devices.
Verizon Communications Inc plans to submit a second-round bid of around $3 billion for Yahoo Inc's core internet business, the Wall Street Journal reported, citing people familiar with the matter.
Private-equity firm TPG was a
Yahoo Inc has shortlisted close to 10 bidders in the auction for its core Internet assets, including Verizon Communications Inc, with most offers involving cash rather than a combination with another company, according to people familiar with th
Yahoo has set an April 11 deadline to submit preliminary bids for its web business and Asian assets, The Wall Street Journal has reported, citing sources.
Yahoo asked bidders details regarding financing, conditions or approvals th
Verizon Communications is exploring a sale of its enterprise assets which could be worth as much as $10 billion, according to people familiar with the matter, as the largest US wireless carrier seeks to focus on its core business.
When a cyber security breach hits the news, those most closely involved often have incentive to play up the sophistication of the attack.
If hackers are portrayed as well-funded geniuses, victims look less vulnerable, security fir
Verizon Communications was poised on Monday to finally take full control of its US wireless business with a $130 billion deal that would buy out Vodafone and bring an end to a decade-long corporate standoff.
Vodafone Group said it was in talks with Verizon Communications to sell its prized stake in Verizon Wireless, the number one US mobile carrier, in what would be the third-biggest deal of all time.
Vodafone's chief executive Vi