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…
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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).