Yahoo boosted by profits rise as Verizon reviews hacking impact

Yahoo boosted by profits rise as Verizon reviews hacking impact
 

Yahoo's profits more than doubled in the last three months, a boost for the beleaguered firm whose plan to sell its core business was thrown into doubt.
Verizon Communications agreed to buy Yahoo for $4.8bn (£4bn), but disclosure of huge data breach put a question mark over the deal.
In the quarter to 30 September, Yahoo's profits rose to $163m, from $76.3m last year, on revenue up 6.5% to $13bn.
Chief executive Marissa Mayer said the figures underlined Yahoo's value.
"We remain very confident, not only in the value of our business, but also in the value Yahoo products bring to our... read more

 
18 October 2016 in Business, Views: 44
Source: BBC
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