Yahoo profit beats as emerging businesses shine

Yahoo profit beats as emerging businesses shine
 

Yahoo Inc (YHOO.O) reported better-than-expected quarterly adjusted profit on Tuesday, positive news for the beleaguered company whose deal to sell its core business to Verizon Communications Inc (VZ.N) has been shaken by a massive data breach.
Verizon's general counsel said last week that the hack, which affected at least 500 million email accounts in 2014, could have a material impact, possibly allowing Verizon to withdraw from the $4.83 billion (£3.92 billion) deal.
Revenue from Mavens - the mobile, video, native and social advertising units that Chief Executive Marissa Mayer touts as... read more

 
18 October 2016 in Science &Technology, Views: 51
Source: Reuters
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