{"id":31912,"date":"2017-06-09T06:03:54","date_gmt":"2017-06-09T06:03:54","guid":{"rendered":"http:\/\/www.biphoo.com\/bipnews\/?p=31912"},"modified":"2017-06-09T06:03:54","modified_gmt":"2017-06-09T06:03:54","slug":"yahoo-shareholders-approve-sale-core-business-verizon","status":"publish","type":"post","link":"https:\/\/www.biphoo.com\/bipnews\/technology\/yahoo-shareholders-approve-sale-core-business-verizon.html","title":{"rendered":"Yahoo shareholders approve sale of core business to Verizon"},"content":{"rendered":"<h2 style=\"text-align: justify\">\n\t<span style=\"font-size:22px\"><strong><span style=\"color:#000000\"><span style=\"font-family:arial,helvetica,sans-serif\">Yahoo shareholders approve sale of core business to Verizon<\/span><\/span><\/strong><\/span><br \/>\n<\/h2>\n<p style=\"text-align: justify\">\n\t<span style=\"color:#000000\"><span style=\"font-size:18px\"><span style=\"font-family:arial,helvetica,sans-serif\">Yahoo Inc (YHOO.O) shareholders on Thursday approved the company&#039;s pending sale of its core internet business to Verizon Communications Inc (VZ.N) for $4.48 billion, according to preliminary results from a shareholder meeting.<\/span><\/span><\/span>\n<\/p>\n<p style=\"text-align: justify\">\n\t<span style=\"color:#000000\"><span style=\"font-size:18px\"><span style=\"font-family:arial,helvetica,sans-serif\">Yahoo expects that the deal will close on June 13, 2017.<\/span><\/span><\/span>\n<\/p>\n<p style=\"text-align: justify\">\n\t<span style=\"color:#000000\"><span style=\"font-size:18px\"><span style=\"font-family:arial,helvetica,sans-serif\">The company also said it extended a tender offer to buy back up to $3 billion shares to June 16 from June 13.<\/span><\/span><\/span>\n<\/p>\n<p style=\"text-align: justify\">\n\t<span style=\"color:#000000\"><span style=\"font-size:18px\"><span style=\"font-family:arial,helvetica,sans-serif\">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.<\/span><\/span><\/span>\n<\/p>\n<p style=\"text-align: justify\">\n\t<span style=\"color:#000000\"><span style=\"font-size:18px\"><span style=\"font-family:arial,helvetica,sans-serif\">After the Verizon deal, Yahoo will be renamed Altaba, a holding company whose primary assets will be its stake in Alibaba Group Holding Ltd (BABA.N) and a 35.5 percent stake in Yahoo Japan Corp<\/span><\/span><\/span>\n<\/p>\n<p style=\"text-align: justify\">\n\t<span style=\"font-size:8px\"><span style=\"color:#000000\"><span style=\"font-family:arial,helvetica,sans-serif\">Source:-&nbsp;http:\/\/www.reuters.com\/article\/us-yahoo-m-a-verizon-idUSKBN18Z2C6<\/span><\/span><\/span><\/p>\n<div class=\"fb-background-color\">\n\t\t\t  <div \n\t\t\t  \tclass = \"fb-comments\" \n\t\t\t  \tdata-href = \"https:\/\/www.biphoo.com\/bipnews\/technology\/yahoo-shareholders-approve-sale-core-business-verizon.html\"\n\t\t\t  \tdata-numposts = \"10\"\n\t\t\t  \tdata-lazy = \"true\"\n\t\t\t\tdata-colorscheme = \"light\"\n\t\t\t\tdata-order-by = \"social\"\n\t\t\t\tdata-mobile=true>\n\t\t\t  <\/div><\/div>\n\t\t  <style>\n\t\t    .fb-background-color {\n\t\t\t\tbackground: #ffffff !important;\n\t\t\t}\n\t\t\t.fb_iframe_widget_fluid_desktop iframe {\n\t\t\t    width: 630px !important;\n\t\t\t}\n\t\t  <\/style>\n\t\t  ","protected":false},"excerpt":{"rendered":"<p>Yahoo shareholders approve sale of core business to Verizon Yahoo Inc (YHOO.O) shareholders on Thursday approved the company&#039;s pending sale of its core internet business to Verizon Communications Inc (VZ.N) for $4.48 billion, according to preliminary results from a shareholder meeting. Yahoo expects that the deal will close on June [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":31913,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[7945,13784,6028,64,19716],"class_list":["post-31912","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-company-news","tag-content-produced-in-bangalore","tag-corporate-events","tag-technology","tag-yahoo-shareholders-approve-sale-of-core-business-to-verizon"],"_links":{"self":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/31912","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/comments?post=31912"}],"version-history":[{"count":0,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/31912\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media\/31913"}],"wp:attachment":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media?parent=31912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/categories?post=31912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/tags?post=31912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}