Monday, July 25, 2016

COLUMN-Ongoing shareholder suit could be snag for Yahoo sale: Frankel

NEW YORK July 25 (Reuters) - Yahoo announced plans Monday to

sell its Internet communications business to Verizon for $4.83

billion while retaining its $40 billion stakes in Yahoo Japan

and Alibaba, the Chinese online retailer. After the Verizon deal

closes, Yahoo intends to rename itself and register with the

U.S. Securities and Exchange Commission as an investment

company.

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