Verizon Communications Inc. said on Dec. 11 it will take a $4.6 billion charge related to its Oath media assets—which includes digital media sites Yahoo and AOL—and a severance charge of up to $2.1 billion for voluntary buyouts in the fourth quarter.
The largest U.S. wireless carrier by subscribers said in a regulatory filing that it saw fewer benefits than it expected from the combination of businesses that make up Oath. Verizon bought Yahoo for $4.48 billion in 2017 and AOL for $4.4 billion in 2015.
