Verizon to incur $500 million in pre-tax costs from Yahoo dealStaff Writer | June 15, 2017
Verizon Communications said on Thursday it expected to incur about $500 million in pre-tax expenses in the second quarter as a result of its $4.48 billion purchase of Yahoo's core business.
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The expenses are related to severance payments, acquisition and integration costs, Verizon, the No. 1 U.S. wireless operator, said in a regulatory filing.
Verizon also said it expected to save over $1 billion in operating costs through 2020 as a result of the Yahoo deal, which closed on Tuesday. ■