Verizon to Take $500 Million Hit Q2 Due to Yahoo Buy
Verizon expects to record severance, acquisition and integration-related expenses of about $500 million pretax in Q2 because of its Yahoo buy, Verizon said in a filing at the SEC. But Verizon said it also expects to see more than $1…
Sign up for a free preview to unlock the rest of this article
Communications Daily is required reading for senior executives at top telecom corporations, law firms, lobbying organizations, associations and government agencies (including the FCC). Join them today!
billion in “cumulative operating expense synergies from the transaction through 2020.” Verizon Wednesday completed its $4.5 billion buy of Yahoo’s operating business (see 1706130048).