IN THE WORKS: Verizon Communications Inc is planning to launch a mobile software store that could present a third alternative in a market long-dominated by Apple Inc and Google Inc, according to The Information, an industry website. — Reuters
Yahoo Inc shareholders may be left betting on how quickly, if at all, the former web pioneer can cash in on its multi-billion dollar stakes in two Asian peers after July 25's deal to sell its core Internet assets to Verizon Communications Inc.
Most of Yahoo's US$36.4bil (RM147.9bil) market value is derived from its 15% stake in Chinese online commerce company Alibaba Group Holdings Ltd and its 35.5% stake in joint venture Yahoo Japan Corp. These are not included in Yahoo's deal with Verizon.
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