• Rajasthan

    Cong 94
    BJP 80
    RLM 0
    OTH 25
  • Madhya Pradesh

    Cong 109
    BJP 110
    BSP 6
    OTH 5
  • Chhattisgarh

    Cong 60
    BJP 21
    JCC 8
    OTH 1
  • Telangana

    TRS-AIMIM 89
    TDP-Cong 22
    BJP 2
    OTH 6
  • Mizoram

    MNF 29
    Cong 6
    BJP 1
    OTH 4

* Total Tally Reflects Leads + Wins

Yahoo shareholders approve sale of core business to Verizon

By: | Published: June 8, 2017 10:48 PM

Yahoo Inc shareholders on Thursday approved the company's pending sale of its core internet business to Verizon Communications Inc for $4.48 billion, according to preliminary results from a shareholder meeting.

Yahoo, Yahoo news, Yahoo latest news, Yahoo shareholders, Yahoo internet business, Yahoo verizon, Verizon CommunicationsYahoo expects that the deal will close on June 13, 2017. (Reuters)

Yahoo Inc shareholders on Thursday approved the company’s pending sale of its core internet business to Verizon Communications Inc for $4.48 billion, according to preliminary results from a shareholder meeting. Yahoo expects that the deal will close on June 13, 2017. The company also said it extended a tender offer to buy back up to $3 billion shares to June 16 from June 13. The closing of the deal, announced in July, had been delayed as the companies assessed the fallout from two data breaches that Yahoo disclosed last year. After the Verizon deal, Yahoo will be renamed Altaba, a holding company whose primary assets will be its stake in Alibaba Group Holding Ltd and a 35.5 percent stake in Yahoo Japan Corp.

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