Money spinner: Revenue from Yahoo's Mavens
Yahoo Inc on 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 US$4.8bil (RM21.2bil) Verizon transaction had originally been expected to close in the first quarter but was delayed by the disclosure of two major cyber breaches that exposed information from more than a billion Yahoo accounts.
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