Verizon-Yahoo Stock Purchase Agreement: What you need to know Verizon Communications Inc. recently announced that it has completed the acquisition of Yahoo! Inc.’s operating business for $4.5 billion. This purchase is expected to bring significant expansion to Verizon’s Internet, mobile and advertising businesses. Here`s what you need to know about the Verizon-Yahoo stock purchase agreement: Background Yahoo! Inc. was one of the pioneers of the internet industry since its inception in 1994. It was once a dominant player in the search and email market. However, as time passed, Yahoo! started losing its market share to its competitors. In July 2016, Verizon Communications Inc. announced that it would acquire Yahoo’s core internet operations for $4.83 billion. However, the deal was renegotiated after Yahoo! disclosed two major data breaches compromising over 500 million user accounts. What Does the Deal Include? Under the terms of the deal, Verizon has acquired Yahoo`s online assets, including its email service, search engine, mobile apps, advertising platforms, and content network. Yahoo`s stakes in Alibaba Group Holding Ltd. and Yahoo Japan were not included in the deal but will remain under the ownership of Yahoo! Inc. Implications for Yahoo! Following the acquisition, Yahoo! Inc. officially changed its name to Altaba Inc. and has transformed itself into an investment company that holds stakes in Alibaba and Yahoo Japan. The company no longer has a CEO, and its management and board structure have been reconfigured. Implications for Verizon The acquisition will significantly expand Verizon`s digital advertising capabilities, giving it access to Yahoo`s advertising technology, data, and content network. It has also increased Verizon`s customer base, as Yahoo! had...
The World Trade Organization (WTO) is an international organization that regulates and promotes free trade among member countries. The WTO Agreement is a set of rules and principles that govern international trade between member countries. Based on these principles, the WTO works to ensure that trade flows smoothly, predictably, and freely. The principle that underlies the WTO Agreement is the principle of non-discrimination. This means that member countries should treat all other member countries equally and not discriminate against them in any way. There are two main aspects to this principle: 1. Most Favored Nation (MFN) Treatment Under the MFN Treatment principle, member countries must treat all other member countries equally in terms of trade. This means that member countries cannot discriminate against any other member country in terms of tariffs or other trade barriers. If a member country grants a concession or a preferential treatment to a particular country, it must extend the same concession or treatment to all other member countries. 2. National Treatment The National Treatment principle requires that member countries treat foreign goods and services in the same way as they treat their own goods and services. This means that member countries cannot discriminate against foreign goods or services in favor of their domestic goods or services. Other principles that are included in the WTO Agreement include: 1. Free Trade The WTO supports the liberalization of trade by reducing tariffs, removing barriers to trade, and promoting free trade. 2. Fair Competition The WTO promotes fair competition by prohibiting unfair trade practices, such as dumping and subsidies. 3. Protection of Intellectual Property Rights The WTO...
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