(Bloomberg) -- Yahoo! Inc. said the sale of its main web operations to Verizon Communications Inc. has been delayed until next quarter to meet closing conditions while the company recovers from the disclosure of massive hacks to its user accounts.
The company said late Monday it’s “working expeditiously” to finish the deal as soon as practical. Yahoo had expected the agreement to be completed in the current period. The web portal also reported fourth-quarter revenue that topped analysts’ estimates and user activity that showed minimal declines after the announcement last month of a second major security breach.
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