Shareholders approved the sale of Yahoo

Today, at a special meeting of Yahoo shareholders, approved the sale of the company. The buyer is the company Verizon Communications. The amount of the transaction is of 4.48 billion.

In addition, the shareholders voted for the remuneration of executives of the company in connection with its sale.

Yahoo expects that the transaction will be completed June 13, 2017, that is next week. After the sale of the company’s name will be changed to Altaba.

Source: Yahoo

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