- Verizon (VZ +0.1%) says in an SEC filing that it will take a pretax charge of $500M in Q2 tied to "severance, acquisition and integration-related expenses" tied to its buyout of Yahoo (YHOO -1.1%).
- The telecom says it expects to see more than $1B in cumulative operating expense synergies through 2020 from the deal.
- The $4.48B deal closed Tuesday, setting in motion the creation of Oath at Verizon (uniting AOL/Yahoo brands) and Yahoo's transition into investment company Altaba.
- Previously: Yahoo sets pricing for $3B self-tender buyback (Jun. 15 2017)
Verizon to take $500M charge on integration of Yahoo
Recommended For You
About VZ Stock
Related Stocks
Symbol | Last Price | % Chg |
---|---|---|
VZ | - | - |
Verizon Communications Inc. |