American telecommunication company Verizon plans to buy Yahoo. Next month, deal will be closed. Because of the financial issues, Yahoo Inc. this year’s February decided to sell its main business. There were many bidders to buy Yahoo, but the most profitable deal was offered by biggest American mobile operator Verizon. The final deal will cost Verizon about 5 billion dollars. This big decision positively affects Verizon stock price.
After released news, Yahoo stock price decreased on 2,6%, but Verizon price increased on 1,3%. There will be a positive trend after the final news will be published. This is a great chance for traders to earn money. Trading Yahoo and Verizon will be available during American session, from 14:40 to 21:00 GMT time.
The news is only for informational purposes and cannot be construed as an offer or indication of the commission of certain transactions in the financial and commodity markets.