Moody’s: Verizon unaffected by Yahoo! buy

Moody's Investors Service said that Verizon Communications Inc.’s definitive agreement to acquire Yahoo! Inc.'s operating business for roughly $4.83 billion in cash will not impact its Baa1 rating or stable outlook.

The deal is expected to close in the first quarter of 2017.

The sale does not include Yahoo's cash, its shares in either Alibaba Group Holdings or Yahoo Japan, Yahoo's convertible notes, certain minority investments, and Yahoo's non-core patents.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.