A sale that only creates more uncertainty that seems to be the main take away from analyst reports on Yahoo’s announced sale to Verizon Communications.
Verizon has agreed to acquire Yahoo’s core business for $4.8 billion in cash, excluding Yahoo’s current ownership stakes in Alibaba Group, Yahoo Japan Corp, cash, converts, and the holding company’s Exclaibur IP portfolio (valued at $1 billion by Morgan Stanley).
Verizon Buys Yahoo For $4.83B [OFFICIAL]
While the headline figure of $4.8 billion seems below expectations, it is widely believed that this number includes any tax liabilities. Management has stated that the majority of the proceeds received from the sale will be returned to shareholders, although it stops short of saying how it intends to distribute...
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