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Yahoo investors vote on sale to Verizon

Published 06/08/2017, 03:11 AM
Updated 06/08/2017, 03:11 AM
© Reuters.  Yahoo investors vote on sale to Verizon
  • Yahoo (NASDAQ:YHOO) shareholders will vote today on the sale of the company's internet businesses to Verizon (NYSE:VZ).
  • The $4.5B transaction would leave stakeholders with shares in a new firm, called Oath, that would primarily hold $57B in stock of Alibaba (NYSE:BABA) and Yahoo Japan (OTCPK:YAHOY).
  • According to Recode, layoffs are expected to number up to 1,000 jobs, which is less than 20% of the combined company.
  • Now read: Yahoo Dutch Tender Offer - To Participate Or Not To Participate


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