|
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 <BABA.N> and a 35.5 percent stake in Yahoo Japan
Corp <4689.T>.
(Reporting by Anya George Tharakan in Bengaluru; Editing by
Shounak Dasgupta)
[© 2017 Thomson Reuters. All rights
reserved.] Copyright 2017 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
 |
|
