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  • Editor’s Picks / 25 July 2016 at 0:57 GMT

    Verizon to pay $4.8 billion for Yahoo’s core business

    New York Times
    Yahoo was the front door to the web for an early generation of internet users, and its services still attract a billion visitors a month. But the internet is an unforgiving place for yesterday’s great idea, and on Sunday, Yahoo reached the end of the line as an independent company. The board of the Silicon Valley company agreed to sell Yahoo’s core internet operations and land holdings to Verizon for $4.8 billion, according to people briefed on the matter, who were not authorised to speak about the deal before the planned announcement on Monday morning.
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  • Squawk / 12 May 2015 at 17:35 GMT
    AOL tops US movers' list on take-over announcement:

    Verizon, the USD 203 billion telecommunications company, has agreed to by New York-based web services company AOL in a deal valued at $4.4 billion or $50 per share. This has sent AOL's share price up by more than 18% on very high volume (27 times the normal volume.)

    Verizon is looking to boost its presence on mobile devices and with the purchase of AOL, Verizon gets not only its streaming service for mobiles, but AOL's targeted ads technology. The internet ad space is dominated by Google and Facebook.
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  • Squawk / 12 May 2015 at 11:10 GMT
    Head of Equity Strategy / Saxo Bank
    Denmark
    Verizon to buy AOL for $50 per share in deal valued at $4.4B...
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  • Editor’s Picks / 27 February 2015 at 0:23 GMT

    Lawsuits expected following net neutrality decision

    CNN
    Following the Federal Communications Commission's historic decision on net neutrality on Thursday, Comcast has warned a bitter legal fight is coming. Jose Pagliery writes for CNN that the FCC passed new internet regulation to prevent network owners, such as AT&T, Comcast, Time Warner Cable, and Verizon from discriminating against what kind of traffic runs over their networks. ComCast's warning is similar to the one AT&T made earlier this month. The agency's rules won't be official until perhaps summer, which is when major telecom companies will challenge the rules in court.
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  • Article / 06 February 2015 at 7:24 GMT

    Market Open: US nonfarm payrolls in spotlight

    TradingFloor.com Team / Saxo Bank
    Denmark
    Market Open: US nonfarm payrolls in spotlight
    European markets are expected to open lower Friday. Market participants look forward to nonfarm payrolls data in the US along with the unemployment rate which would lend guidance with regards to the timeline for the increase in interest rates by the US Federal Reserve. Traders will also keep a tab on German industrial production figures. Yesterday, the European Commission raised its growth outlook for the Eurozone for 2015 and 2016.
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