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General

Verizon to take USD 4.6 bln impairment charge to write off Oath goodwill

Tuesday 11 December 2018 | 16:32 CET | News
Verizon announced that it will write off most of the remaining goodwill at its online advertising business Oath in the fourth quarter, in an impairment charge totaling USD 4.6 billion. The US operator said the latest five-year projection for the business found the company is unlikely to grow as expected, nor has it benefited as much as hoped from the merger of AOL and Yahoo. 

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Categories: General
Companies: AOL / Oath / Verizon / Yahoo
Countries: United States
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