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Verizon Communications Inc (VZ)

VZ on New York Consolidated

22 Jun 2017
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$0.14 (+0.31%)
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Latest Key Developments (Source: Significant Developments)

Verizon expects to record expenses of about $500 mln pre-tax in Q2
Thursday, 15 Jun 2017 10:23am EDT 

June 15 (Reuters) - Verizon Communications Inc ::Expects to record severance, acquisition and integration related expenses of approximately $500 million pre-tax in Q2 of 2017.Says expects to realize over $1 billion in cumulative operating expense synergies from Yahoo transaction through 2020 - SEC filing​.  Full Article

Verizon completes Yahoo acquisition, Mayer resigns from Yahoo
Tuesday, 13 Jun 2017 10:08am EDT 

June 13 (Reuters) - Verizon Communications Inc ::Verizon completes Yahoo acquisition, creating a diverse house of 50+ brands under new Oath subsidiary.Given inherent changes to Marissa Mayer's role with Yahoo resulting from closing of transaction, Mayer has chosen to resign from Yahoo.Tim Armstrong, former CEO of AOL, is now CEO of Oath, which is part of Verizon's media and telematics organization.  Full Article

Yahoo completes sale of operating business company to be re-named Altaba
Tuesday, 13 Jun 2017 10:05am EDT 

June 13 (Reuters) - Yahoo! Inc :Yahoo completes sale of operating business; company to be re-named Altaba and register as investment company.Company's common stock will continue to trade on nasdaq global select market under ticker symbol "YHOO" through June 16, 2017.Beginning on June 19, 2017, shares of common stock of altaba Inc. will begin trading under ticker symbol "AABA".Upon deal closing, ‍Thomas J. Mcinerney became co's Chief Executive Officer, Alexi A. Wellman became its Chief Financial and Accounting Officer.Upon deal closing, David Filo, Eddy Hartenstein, Richard Hill, Marissa Mayer, Jane Shaw, Jeffrey Smith, Maynard Webb Jr. resigned from board ​.  Full Article

Yahoo CISO Bob Lord out after AOL-Yahoo merger - TechCrunch, citing sources
Friday, 9 Jun 2017 11:30am EDT 

June 9 (Reuters) - :Yahoo CISO Bob Lord out after AOL-Yahoo merger - TechCrunch, citing sources.Yahoo's Bob Lord is losing out to AOL's Chris Nims for security chief's chair of new umbrella entity, Oath - TechCrunch, citing sources.  Full Article

Yahoo stockholders approve sale of Yahoo’s operating business to Verizon
Thursday, 8 Jun 2017 12:17pm EDT 

June 8 (Reuters) - Yahoo::Yahoo stockholders approve sale of Yahoo’s operating business to Verizon.Yahoo anticipates that the sale transaction will close on June 13, 2017‍​.Company stockholders voted to approve advisory vote on compensation payable to co's named executive officers in connection with completion of sale transaction​‍​‍​.  Full Article

Verizon sets quarterly dividend of $0.5775 per share
Thursday, 1 Jun 2017 11:57am EDT 

June 1 (Reuters) - Verizon Communications Inc ::Sets quarterly dividend of $0.5775 per share.  Full Article

Verizon CEO says Yahoo deal expected to close around mid-June- JPM conference
Monday, 22 May 2017 02:00pm EDT 

May 22 (Reuters) - Verizon Communications Inc ::Verizon CEO Lowell McAdam at JPM conference- building fiber infrastructure better than the alternative of buying spectrum.Verizon CEO Lowell McAdam at JPM conference- yahoo acquisition expected to close around mid-June.  Full Article

Verizon launches retail notes program
Monday, 15 May 2017 11:42am EDT 

May 15 (Reuters) - Verizon Communications Inc ::Verizon launches retail notes program.Verizon internotes will be senior unsecured obligations of Verizon and may be offered on a recurring basis.Notes may be issued with fixed, floating interest rates, in minimum denominations of $1,000 and integral multiples of $1,000.Notes may be issued with maturities of nine months or more.Filed a prospectus supplement with SEC for issuance of corporate notes through InCapital LLC's internotes program.  Full Article

Straight Path says co may be required to pay Verizon a fee of $38 mln upon termination of merger
Thursday, 11 May 2017 04:12pm EDT 

May 11 (Reuters) - Straight Path Communications Inc :Straight Path - upon termination of Verizon merger, under certain circumstances, co may be required to pay Verizon termination fee equal to $38 million.Straight Path says Verizon required to pay co $85 million if merger has not closed by the extended termination date under some circumstances - sec filing.Straight Path - if Verizon merger is terminated other than as a result of Verizon’S breach, co to pay Verizon amount equal to AT&T termination fee.  Full Article

Verizon to buy Straight Path for more than $3 billion- WSJ
Wednesday, 10 May 2017 10:51pm EDT 

May 10 (Reuters) - :Verizon Communications to buy Straight Path Communications for more than $3 billion, after beating rival AT&T Inc in bidding war - WSJ, citing sources.  Full Article

More From Around the Web

Altaba, formerly Yahoo, to start trading on Monday

Shares of Altaba Inc, the holding company left behind after Yahoo Inc's sale of its core internet business to Verizon Communications Inc, will begin trading on the Nasdaq on Monday.