Hints and tips:
...Disney has also reportedly talked to Amazon and Verizon about partnerships in a revamped ESPN, which is under financial pressure from the increasing cost of broadcasting live sports....
...Check out our stories about Walmart and Verizon, say — and the ESG data wars....
...The deal with Apollo will allow it to focus on its core phone and internet business. Proceeds from the sale will also give it more cash to fund its 5G network expansion....
...Verizon is looking to sell Yahoo and AOL for $4bn-$5bn, according to the Wall Street Journal....
...US private equity group Apollo Global Management has agreed to acquire Yahoo and the other media assets of Verizon Communications for $5bn, as the telecoms group shifts its focus to its core network businesses...
...Comcast had already bought a media company, as had Verizon. That left AT&T....
...The New York-based investment firm agreed earlier this week to pay communications giant Verizon $5bn for Yahoo, along with AOL and a collection of other digital media properties it had amassed....
...Spinning out WarnerMedia equity could value the core “new” AT&T at about $130bn. That compares with Verizon at $232bn, Comcast at $262bn and T-Mobile at $175bn....
...While rival AT&T has pushed into the media industry with its purchase of Time Warner, Verizon has instead bet on investing in infrastructure to offer faster networks in its core phone business....
...Verizon is finally acknowledging the failure of those efforts, while the core business — wireless and wireline segments that account for most of its revenues — is doing much better....
...The cyber attacks led to Verizon agreeing a $350m discount off its original offer of $4.5bn for Yahoo’s core business, which it combined with AOL to form Oath....
...But 5G capable phones will not hit the market until next year and the full standards for the new technology — from the network core, to the mast, to the handset — have not yet been ratified....
...From an industry standpoint the transaction is being pursued during a period when major cable and wireless operators are already beginning to enter each others’ core markets....
...Elliot Schrage, vice-president of policy and communications, has revealed plans to go, saying he had long intended to leave....
...That has helped to offset growth in its core European heartland. Having solved many of those problems, he wants to now go on the offensive....
...On Thursday, a heated auction for US telecom company, Straight Path Communications resulted in the company being sold to Verizon at a 486 per cent premium....
...Verizon, whose core mobile business is eroding, is throwing money at acquisitions in a way that betokens desperation. Short sellers may in time find Verizon is itself a tempting target....
...“We are interested in this for what it does for our core business,” he added. “We don’t need to make lots of money on this, but we won’t lose money either....
...Yahoo has agreed to take a price cut on the original $4.8bn sale of its core business to Verizon as both companies are determined to complete a deal that was jeopardised after the internet group revealed...
...Yahoo agreed to take a $350m cut on the original $4.8bn sale of its core-business to Verizon, becoming one of the first major US companies to revise deal terms due to a cyber attack....
...The Verizon share price has only drifted slightly lower since February....
...“This acquisition is a natural progression of our core focus on operating in innovative, high-growth markets, leveraging our network … and services to simplify the drone industry,” he said....
...Under pressure from activist investor Starboard Value, Yahoo then began to explore the spin-off or sale of the core business early last year, with Verizon emerging as the winner....
...The results depict further declines in Verizon’s core business as wireless competition heats up and smaller rivals such as T-Mobile lure customers through promotions....
...Yahoo agreed to take a $350m cut on the original $4.8bn sale of its core business to Verizon, becoming one of the first major US companies to revise deal terms because of a cyber attack....
International Edition