Yahoo delays sale of business to VerizonJanuary 24, 2017 - 10:45 AMT PanARMENIAN.Net - Yahoo says its $4.8 billion deal to sell its core internet assets to U.S. telecom titan Verizon has been delayed several months, AFP reports. The closing originally set for this quarter has been pushed into next quarter due to "work required to meet closing conditions," the California online pioneer said in a statement, adding that it was "working expeditiously to close the transaction as soon as practicable." The news came in an earnings release showing Yahoo swung to a profit of $162 million in the final three months of last year. The deal with Verizon, which would end Yahoo's run of more than 20 years as an independent company, has been thrown into doubt following disclosures of two huge data breaches. Yahoo said it is ramping up security as it grapples with the aftermath of epic hacks. "Our top priority continues to be enhancing security for our users," Yahoo chief executive Marissa Mayer said. She added that "approximately 90 percent of our daily active users have already taken or do not need to take remedial action to protect their accounts, and we're aggressively continuing to drive this number up." Yahoo boasted having more than a billion users monthly in 2016, with more than 650 million of those people connecting from mobile devices. Related links: Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. Armenia, Russia discuss life extension of Metsamor nuclear plant Issues regarding the extension of life of the 2nd power unit of the Armenian Nuclear Power Plant were discussed in Yerevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. |