Verizon Exacts Its Price
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 16 February 2017
⏱️ 25 minutes
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Summary
Verizon cuts $250 million off its offer to buy Yahoo. Industry Focus host Dylan Lewis analyzes the latest earnings from Cisco Systems and the latest valuation of Snap. Thanks to Audible for supporting our podcast. Get a free audiobook with a free 30 day trial at audible.com/fool.
Transcript
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| 0:00.0 | Thanks to Audible for sponsoring this episode of Market Foolery for a free audiobook with a 30 day free trial. |
| 0:05.4 | Go to audible.com slash fool. |
| 0:07.8 | It's Thursday February 16th. |
| 0:11.2 | Welcome to Market Fleury. |
| 0:12.4 | I'm Chris Elle, joining me in studio today. |
| 0:14.7 | From Industry Focus, Dylan Lewis, |
| 0:16.6 | it's a crossover. |
| 0:17.6 | It's a crossover episode. |
| 0:18.6 | This is like Luke Cage is hanging out with Daredevil. |
| 0:21.5 | Yeah. |
| 0:21.8 | Except we're neither of those guys. |
| 0:24.0 | No, I don't have that kind of physique, unfortunately. |
| 0:27.6 | We're going to dip into the earnings. |
| 0:30.8 | This is going to have a tech thing, because if you to industry focus then you know Dylan hosts on Fridays the tech edition of industry focus. |
| 0:37.8 | So this is going to be a tech heavy episode of market foolery. |
| 0:41.0 | I thought we were talking Alexion Pharmaceuticals, Chris. |
| 0:43.0 | I know, I know you really wanted to talk about Alexion Pharmaceuticals, but we're just going to have to put that one aside for today. |
| 0:51.4 | Let's start with, before we get to Cisco Systems and their earnings, let's start with |
| 0:56.1 | Verizon and Yahoo and the ongoing Saga, which actually has some news to it this time, and that is that Verizon is still going to buy |
| 1:05.3 | Yahoo but they have extracted a lower price and if you remember they were going to buy Yahoo for 4.8 billion dollars. |
| 1:15.0 | It's now going to be, if I'm doing the math correctly, 4.55 billion. |
| 1:20.0 | So they basically went to Yahoo and said, look, you were messing with us on the date of breaches |
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