Technology Shares Move Higher -- Technology Roundup

By Amy Pessetto, copydesk@dowjones.comFeaturesDow Jones Newswires

Technology shares were higher.

About 2,100 people at Yahoo and AOL will lose their jobs after Verizon Communications completes its acquisition of Yahoo. Yahoo shareholders approved the $4.5 billion transaction Thursday.

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Alibaba said annual revenue in fiscal 2018 could grow as much as 49%, sending its shares sharply higher.

Microsoft agreed to buy Hexadite, a cybersecurity company that uses artificial-intelligence technology to rate threats, as well as provided remediation. The companies didn't disclose terms.

(END) Dow Jones Newswires

June 08, 2017 18:21 ET (22:21 GMT)