Yahoo is bought by Verizon

American telecoms giant Verizon closed a purchase of Yahoo’s core business. Even though the news about the acquisition of Yahoo has been released a year ago, the $350 billion deal has been closed only now. Nevertheless, Yahoo plans to save some of its shares in Alibaba Group Holdings and Yahoo Japan. After the deal was closed, Yahoo’s CEO, who has been trying to save Yahoo’s position throughout the years, left the company.

Over the past couple weeks, Verizon shares rose by 1,2% and are expected to keep rising. The trade will be available during American session from 14:40 to 21:00 GMT.

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