Mergers and Acquisitions

Verizon closes Yahoo deal, Mayer steps down

Verizon Communications Inc said on Tuesday it closed its $4.48 billion acquisition of Yahoo Inc's core business and that Marissa Mayer, chief executive of the internet company, had resigned.

Verizon closes Yahoo deal, Mayer steps down

Verizon Communications Inc said on Tuesday it closed its $4.48 billion acquisition of Yahoo Inc's core business and that Marissa Mayer, chief executive of the internet company, had resigned.

Etihad, TUI end talks on vacation airline joint venture

Abu Dhabi-based Etihad and tour operator TUI Group have terminated negotiations on setting up a vacation airline joint venture that would have combined the latter's TUIfly with a subsidiary of Germany's struggling Air Berlin.