Deals
The Strategy Behind Verizon’s Buying Spree
The company is moving to profit as ad spending shifts to online and mobile.
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The No. 2 telecom carrier in the U.S. has spent more than $10 billion on digital acquisitions since 2015, as it searches for growth now that everyone in the U.S. who wants a cell phone has one.
What?
Verizon Communications is buying Yahoo!’s web businesses for $4.8 billion in a deal Chief Finance Officer Fran Shammo called “a small acquisition for a company our size.”