As a result of buying Yahoo! Internet business Verizon Communications will incur additional costs before tax of $ 500 million. The transaction cost, according to the contract, was $ 4.48 billion.

At the end of July 2016 it was announced the sale of Yahoo! Internet business (Online services, search engine, Yahoo Mail mail aggregator, Yahoo News news aggregator and sports sites) for Verizon company for $ 4.83 billion. However, due to a series of large data leakage of Yahoo! services users The transaction value was reduced 450 million dollars.

Verizon incurs additional costs associated with the payment of compensation to employees being dismissed and the integration of assets, said the US Securities and Exchange Commission.

A few days ago, Reuters reported that Verizon was going to cut about 2,000 jobs in AOL and Yahoo! , Which are combined into one unit - Oath. It will unite about 50 brands, among them - HuffPost, TechCrunch and Tumblr.

According to the plans of Verizon, the deal with Yahoo! Will allow the telecommunications giant to save more than $ 1 billion by 2020.