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 Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. 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". Partner news | Ucom Celebrates Telecommunication Day May 17 commemorates the founding of the International Telecommunication Union on May 17, 1865. Armenian, Azerbaijani heads of parliament meet in Switzerland President of the Armenian parliament Alen Simonyan met with the Speaker of the Azerbaijani Milli Majlis Sahiba Gafarova. Border residents overnight on highway to protest Armenia’s Residents of Kirants continue to express outrage over the government’s decision to cede land to Azerbaijan. Get Started: An educational platform for young startuppers The Get Started program which operates in two phases is an important platform for young startuppers. |