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Yahoo’s first-quarter revenue jumps 22 percent

Yahoo Inc (YHOO.O) reported a 22.1 percent increase in quarterly revenue on Tuesday, ahead of the sale of its core internet business to Verizon Communications Inc (VZ.N). Yahoo said revenue from Mavens – the mobile, video, native and social advertising units that it has touted as key emerging businesses – …

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Verizon close to Yahoo deal, price cut of $250-350 million: sources

Verizon Communications Inc (VZ.N) is close to a revised deal to buy Yahoo Inc’s (YHOO.O) core internet business for $250 million to $350 million less than the original agreed price of $4.83 billion, according to a source briefed on the matter. Since last year, Verizon had been trying to persuade …

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Yahoo beats Wall Street view, sees Verizon deal closing in second quarter

Yahoo Inc on Monday reported better-than-expected quarterly profit and revenue, and said the sale of its core internet business to Verizon Communications Inc should be completed in the second quarter, allaying some investor concerns that the deal might collapse. The $4.8 billion Verizon transaction had originally been expected to close …

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EU says U.S. explanation of Yahoo email scanning not enough

The United States has not satisfied the European Union’s concerns about Yahoo’s (YHOO.O) scanning of all customers’ incoming emails for U.S. intelligence purposes, the bloc’s justice chief told Reuters in an interview. The European Commission, the EU executive, asked the United States in November for clarifications on the secret court …

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Yahoo to be named Altaba, Mayer to leave board after Verizon deal

Yahoo Inc (YHOO.O) said Monday that it would rename itself Altaba Inc and Chief Executive Officer Marissa Mayer would step down from the board after the closing of its deal with Verizon Communications Inc (VZ.N). Yahoo has a deal to sell its core internet business, which includes its digital advertising, …

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Yahoo email scan shows U.S. spy push to recast constitutional privacy

Yahoo Inc’s secret scanning of customer emails at the behest of a U.S. spy agency is part of a growing push by officials to loosen constitutional protections Americans have against arbitrary governmental searches, according to legal documents and people briefed on closed court hearings. The order on Yahoo from the …

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Yahoo under scrutiny after latest hack, Verizon seeks new deal terms

Yahoo Inc (YHOO.O) came under renewed scrutiny by federal investigators and lawmakers on Thursday after disclosing the largest known data breach in history, prompting Verizon Communications Inc (VZ.N) to demand better terms for its planned purchase of Yahoo’s internet business. Shares of the Sunnyvale, California-based internet pioneer fell more than …

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Yahoo says one billion accounts exposed in newly discovered security breach

Yahoo Inc warned on Wednesday that it had uncovered yet another massive cyber attack, saying data from more than 1 billion user accounts was compromised in August 2013, making it the largest breach in history. The number of affected accounts was double the number implicated in a 2014 breach that …

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Women executives left Yahoo amid layoffs, deal talk

Women executives left Yahoo Inc at an unusually high rate after the U.S. technology company announced plans to sell itself earlier this year, but it was not immediately clear why, according to the company’s 2016 diversity report, released on Monday. The sharp drop comes as Silicon Valley faces pressure to …

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Yahoo, ACLU press U.S. to disclose secret surveillance orders

Yahoo Inc (YHOO.O) on Wednesday asked U.S. Director of National Intelligence James Clapper to declassify a surveillance order the company had received so it can respond to a Reuters report that it set up a special program last year to scan all Yahoo Mail users’ incoming messages. Separately, the American …

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