Verizon Communications Inc News

Yahoo said it would pay between $50.79 and $44.74 per share based on its calculations, Alibaba`s share price and timing of the buyback.

Yahoo slashed the price of the sale of its core Internet business to Verizon by $350 million following a pair of major data breaches at Yahoo, the two companies announced Tuesday.

Verizon Communications Inc is close to a revised deal to buy Yahoo Inc`s core internet business for $250 million to $350 million less than the original agreed price of $4.83 billion, according to a source briefed on the matter.

Yahoo Inc reported a 6.5 percent rise in quarterly revenue on Tuesday, positive news for the beleaguered company whose deal to sell its core business to Verizon Communications Inc has been shaken by a massive data breach.

Yahoo Inc reported better-than-expected quarterly adjusted profit on Tuesday, a boost for the beleaguered company whose deal to sell its core business to Verizon Communications Inc has been shaken by a massive data breach.

Yahoo Inc will confirm this week a massive data breach of its service, technology news website Recode reported on Thursday, citing several sources close to the situation.

Marissa Mayer, CEO of Yahoo, wrote a letter to employees soon after announcement of the acquisition came.

Verizon Communications Inc was set on Tuesday to advance to the second stage of bidding for Yahoo Inc`s core assets, as the U.S. internet company went through offers to put together a short list, people familiar with the matter said.

The strike was called by the Communications Workers of America and the International Brotherhood of Electrical Workers - unions that jointly represent nearly 40,000 employees in Verizon`s wireline operations.

Yahoo Inc has extended the deadline to bid for its businesses by a week to April 18, technology news website Re/code reported, citing people familiar with the matter.

Cablevision Systems Corp sued Verizon Communications Inc on Tuesday, seeking a judge`s finding that its television commercial claiming Verizon`s FiOS service does not solely use fibre optic cable is truthful.

Verizon Communications Inc said it would buy AOL Inc in a deal valued at about $4.4 billion to gain access to AOL`s digital advertising service and content.

T-Mobile US Inc rolled out cellular and data plans for business customers, taking aim at a lucrative market segment long dominated by larger rivals AT&T Inc and Verizon Communications Inc .

Verizon Communications Inc approached AOL Inc about a potential acquisition or joint venture to expand its mobile-video offerings, Bloomberg reported, citing people with knowledge of the matter.

Verizon Communications Inc is open to divesting its network`s assets including its cell towers, the company`s chief financial officer said on Wednesday.