June 15 Verizon Communications Inc said on Thursday it expected to incur about $500 million in pre-tax expenses in the second quarter as a result of its $4.48 billion purchase of Yahoo Inc's core business.
The expenses are related to severance payments, acquisition and integration, Verizon said in a regulatory filing. bit.ly/2sDnZv7
Verizon also said it expected to save over $1 billion in operating costs through 2020 as a result of the Yahoo deal, which closed on Tuesday. (Reporting by Anya George Tharakan in Bengaluru; Editing by Sai Sachin Ravikumar)
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