Verizon Communication’s Picks-Up Hundreds Of Millions Of Internet Users With Acquisition Of Yahoo! Inc.
Verizon Communication’s US$4.5 billion acquisition of Yahoo! Inc. is expected to give the New York-based Verizon access to hundreds of millions of internet users as it tries to build its digital assets. Verizon expects to see about $1 billion in operating cost savings through 2020 from the Yahoo deal, according to a filing Thursday. The mobile-phone company bought AOL two years ago also as part of its strategy to expand beyond the main wireless business. BM