Yahoo pushed back until the second quarter the expected completion of the sale of its main web operations to Verizon, saying it’s still working to meet closing conditions, according to Bloomberg. “The company is working expeditiously to close the transaction as soon as practicable,“ Yahoo said in a statement.
The company also reported quarterly revenue that topped analysts’ estimates and user activity that showed minimal declines after the disclosure last month of a second major hack, signs the business is holding up as it works to finish the sale to Verizon. Sales, excluding revenue passed on to partners for web traffic, were $960 million during the fourth quarter. That topped analysts’ estimates of $907.9 million. Yahoo also said e-mail activity saw some usual seasonal declines following the announcement in December of a 2013 breach of more than 1 billion user accounts, before largely recovering this month.
CEO Marissa Mayer is trying to navigate the sale of the company’s main online operations to Verizon following the revelations of massive hacks. The telecommunications giant is exploring a price cut or possible exit from the pending acquisition that was valued at $4.83 billion when it was announced in July, a person familiar with the matter said in December. Yahoo said profit before certain items was 25 cents a share in the quarter, compared with analysts’ average estimate of 21 cents.
When the largest amusement park in Germany, Europa-Park, began constructing its new Croatia area, it found inspiration in Rimac hypercars and technology for its new rollercoaster – the Voltron Nevera Powered by Rimac.
Following the end of the public delisting acquisition offer for Telefónica Deutschland, Telefónica holds approximately 96.85% of the shares in its German subsidiary.
Infobip Shift Miami, the American version of the Croatian developer conference, this week brought together a diverse technology-sector audience on the shores of Florida.
