Verizon Mauritius

Verizon closes Yahoo deal, Mayer steps down

Verizon Communications Inc said on Tuesday it closed its $4.48 billion acquisition of Yahoo Inc's core business and that Marissa Mayer, chief executive of the internet company, had resigned.

14 Jun 2017,

Verizon plans to cut 2,000 jobs at Yahoo, AOL: source

Verizon Communications Inc is expected to cut about 2,000 jobs when it completes its $4.48 billion acquisition of Yahoo Inc's core assets next week, a person briefed on the matter said.

09 Jun 2017,

Yahoo’s Top Lawyer Resigns and C.E.O. Marissa Mayer Loses Bonus in Wake of Hack

Yahoo’s top lawyer, Ronald S. Bell, resigned Wednesday, and its chief executive, Marissa Mayer, lost her 2016 bonus after a board investigation of the 2014 theft of information on more than 500 million user accounts.

03 Mar 2017,

Verizon Reaches Deal for Lowered Yahoo Price After Hacks

Verizon Communications Inc. will acquire Yahoo! Inc.’s Internet properties at a $350 million discount after revelations of security breaches at the web company.

23 Feb 2017,

Verizon says Yahoo hack 'material,' could affect deal

Verizon Communications Inc said on Thursday it has a "reasonable basis" to believe Yahoo Inc's massive data breach of email accounts represents a material impact that could allow Verizon to withdraw from its $4.83 billion deal to buy the technology company.

14 Oct 2016,

Yahoo Sells To Verizon In Saddest $5 Billion Deal In Tech History

Yahoo was once the king of the Internet, a $125 billion behemoth as big in its time as Facebook or Google are today. Now it’s being sold to Verizon for comparative chump change.

25 Jul 2016,