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Verizon Communications Inc (VZ)

VZ on New York Consolidated

50.60USD
24 Feb 2017
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$0.29 (+0.58%)
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Latest Key Developments (Source: Significant Developments)

Yahoo under terms of SPA amendment, termination fee to be paid by Yahoo to Verizon in certain circumstances is reduced to $134.3 mln
Tuesday, 21 Feb 2017 09:39am EST 

Yahoo Inc :Yahoo - under terms of spa amendment termination fee to be paid by yahoo to verizon in certain circumstances is reduced to $134.3 million - sec filing.  Full Article

Verizon says to cut price to acquire Yahoo's operating business by $350 mln
Tuesday, 21 Feb 2017 08:00am EST 

Verizon : Verizon and Yahoo amend terms of definitive agreement . Says under amended terms, Verizon and Yahoo have agreed to reduce price Verizon will pay to acquire Yahoo's operating business by $350 million . Says Verizon and Yahoo will share certain legal and regulatory liabilities arising from certain data breaches incurred by Yahoo . Says Verizon's acquisition of Yahoo - now valued at approximately $4.48 billion in cash . Says liabilities arising from shareholder lawsuits and SEC investigations will continue to be responsibility of Yahoo . Says Yahoo to be responsible for 50 percent of any cash liabilities incurred following closing related to non-sec government investigations . Says Verizon's acquisition of Yahoo is expected to close in second-quarter 2017 . Says data breaches or losses arising from them will not be taken into account in determining whether a "business material adverse effect" has occured .Says Yahoo to be responsible for 50 percent of any cash liabilities incurred following deal closing related to third-party litigation related to breaches.  Full Article

Verizon, Yahoo agree to cut merger price by as much as $350 mln - CNBC, citing DJ
Tuesday, 21 Feb 2017 07:00am EST 

: Verizon, Yahoo agree to cut merger price by as much as $350 million - CNBC, citing DJ . Verizon, Yahoo agree to split future costs of data breaches- CNBC, citing DJ ((Bangalore.newsroom@thomsonreuters.com ;)).  Full Article

Verizon simplifies prepaid offerings, introduces new 2 GB plan
Monday, 20 Feb 2017 10:00am EST 

Verizon Communications Inc : Verizon simplifies prepaid offerings, introduces new 2 GB plan .Verizon - New 2 GB prepaid plan is $40 per month.  Full Article

Verizon introduces Verizon Unlimited
Monday, 13 Feb 2017 06:09am EST 

Verizon Communications Inc - :Introducing Verizon Unlimited, an "unlimited plan in wireless".  Full Article

Verizon says pricing terms of its private exchange offers for 18 series of notes and related tender offers open to certain investors
Tuesday, 31 Jan 2017 03:55pm EST 

Verizon Communications Inc : Verizon announces pricing terms of its private exchange offers for 18 series of notes and related tender offers open to certain investors .Verizon Communications Inc - exchange offers will expire on January 31, 2017.  Full Article

Verizon exploring combination with Charter; efforts preliminary, may not result in deal - CNBC
Thursday, 26 Jan 2017 09:12am EST 

:Verizon is exploring a combination with Charter; efforts preliminary and may not result in deal - CNBC, citing DJ.  Full Article

Verizon announces private exchange offers for 18 series of notes and related tender offers open to certain investors
Wednesday, 25 Jan 2017 09:01am EST 

Verizon Communications Inc : Verizon announces private exchange offers for 18 series of notes and related tender offers open to certain investors .Verizon Communications Inc - exchange offers will expire on January 31, 2017.  Full Article

Verizon CFO says co has not reached any final conclusions on Yahoo deal
Tuesday, 24 Jan 2017 10:04am EST 

Verizon Communications Inc : Verizon CFO on yahoo deal- "we have not yet reached any final conclusions yet"- conf call . Verizon CFO says unlimited product is "not something we feel the need to do" at this point in time - conf call . Verizon CFO says co will "continue to look for opportunities to expand and grow the business"- conf call Further company coverage: [VZ.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Yahoo Inc board names Eric Brandt as chairman of boards
Monday, 9 Jan 2017 05:55pm EST 

Yahoo! Inc - : Board determined, effective January 9, Eric Brandt will become chairman of board and Maynard Webb will become chairman emeritus of board . Board made certain determinations with respect to size, composition following closing of sale of co's operating business to verizon . Board determined that, following deal closing, it intends to cause company's name to be changed to Altaba Inc . David Filo, Eddy Hartenstein, Richard Hill, Marissa Mayer, Jane Shaw, Maynard Webb has said that he or she intends to resign from board upon closing of deal .Board has determined that, immediately following closing of deal, size of board will be reduced to five directors.  Full Article

More From Around the Web

Fitch Downgrades Frontier Communications' to 'BB-'; Maintains Negative Outlook

(The following statement was released by the rating agency) CHICAGO, February 22 (Fitch) Fitch Ratings has downgraded the Issuer Default Rating (IDR) of Frontier Communications Corp. (Frontier, NYSE: FTR) and its subsidiaries to 'BB-' from 'BB'. The Rating Outlook remains Negative. Additionally, Fitch has affirmed the first mortgage bonds at Frontier Southwest Inc. and has revised the long-term issue ratings of Frontier and other subsidiaries as listed at the end of this release. KEY RATING