Verizon Explored Possible Sale of Yahoo Finance, Sources Say -Reuters

Date : 07/11/2019 @ 7:35PM
Source : Dow Jones News
Stock : Verizon Communications Inc (VZ)
Quote : 61.19  0.37 (0.61%) @ 1:00AM
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Last $ 61.14 ▼ -0.05 (-0.08%)

Verizon Explored Possible Sale of Yahoo Finance, Sources Say -Reuters

Verizon Communications (NYSE:VZ)
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--Verizon Communications Inc. (VZ) explored the possibility of selling Yahoo Finance earlier this year, Reuters reports Thursday, citing "three people familiar with the matter."

--Verizon never formally launched a sales process, and recently ended its search for buyers, the report said.

--Verizon Media said "We do not comment on rumors and speculation," and added "Yahoo Finance is integral to Verizon Media's growth strategy," according to the report.

 

Full story: https://www.reuters.com/article/us-verizon-media-exclusive/exclusive-verizon-sought-buyers-for-yahoo-finance-sources-idUSKCN1U62AO

 

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

July 11, 2019 15:20 ET (19:20 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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