- CNBC•31 minutes ago
AOL's CEO says the newly teamed-up trio - Yahoo, AOL and Verizon - plan to build a "house of brands," not follow Facebook and Google's strategies.
- Reuters•39 minutes ago
NEW YORK/SAN FRANCISCO (Reuters) - Verizon Communications Inc said on Monday it would buy Yahoo Inc's core internet properties for $4.83 billion in cash, marking the end of the line for a storied Web pioneer and setting the stage for a big new internet push by the telecom giant. Verizon (VZ.N) will combine Yahoo's (YHOO.O) search, email and messenger assets as well as advertising technology tools with its AOL unit, which it bought last year for $4.4 billion. Verizon has been looking to mobile video and advertising for new sources of revenue outside the oversaturated wireless market.
Verizon Communications Inc.NYSE
After hours: 55.65-0.22 (-0.39%) as of 7:46 PM EDT
|Bid||55.65 x 200|
|Ask||55.77 x 600|
|52wk Range||38.06 - 56.95|
|Day's Range||55.63 - 56.11|
|Avg Vol (3m)||13,107,534|
As of 4:03 PM EDT. Market closed.