Verizon Communications Inc. (NYSE: VZ), is a telephone, internet service provider, and television company in the United States. It also owns a mobile phone company, Verizon Wireless. Verizon was created in 2000 by merging GTE and Bell Atlantic. These companies had already absorbed other companies, some of them more than a hundred years old. The biggest ones were formerly owned by AT&T.
In 2015, Verizon bought the Internet company AOL, and the next year it bought Yahoo!. Both of these purchases were for about US$4.4 billion. Today, both AOL and Yahoo! are part of a subsidiary created by Verizon called Oath Inc.
Verizon is one of the few publicly-traded companies to have a stock on both the NYSE and the NASDAQ. Its NYSE listing has been one of the 30 companies in the Dow Jones Industrial Average since 2004.
References[change | change source]
- "About Verizon Wireless: Facts-at-a-Glance". Archived from the original on 2012-03-27. Retrieved 2012-12-07.
- CBS MarketWatch profile, Verizon Communications, Inc.
- "Verizon Communications Inc. 2011 Annual Report, Form 10-K, Filing Date Feb 16, 2012" (PDF). secdatabase.com. Retrieved June 8, 2012.
- "Verizon to buy Yahoo for $4.83 billion, merge it with AOL". CNET. 2016-07-25. Retrieved 2018-03-18.
- Heater, Brian (2017-04-03). "Yahoo + AOL = Oath, for some reason". TechCrunch. Retrieved 2018-03-18.
- Isidore, Chris (2004-04-01). "Dow Jones industrial average gets first overhaul since 1999". CNN Money. Retrieved 2018-03-18.