VERIZON IN PRIME POSITION TO BUY YAHOO
Despite one of the largest strikes in the company’s history, Verizon is performing better than most of its competitors on Wall Street. It has seen its stock climb a respectable 17%. The cell service provider is now third in the Dow Jones index, behind UnitedHealth and Exxon Mobil. In terms of where it stands among its market competitors, Verizon is performing better than Comcast, Sprint and T-Mobile, and is only just behind AT&T. However, Verizon’s largest selling point comes from the 4.2 % yield it offers from its dividend. In the global market, Verizon looks especially appealing considering the slowing world economy along with the possibility of Britain’s exit from the European Union. In a world of economic uncertainty, Verizon provides stability. However, there is one question that needs to be asked. Can all this last if Verizon decides to purchase the struggling Yahoo?