Skip to content
Subscriber Only

Verizon's $4 Billion Tax Break Nearly Covers Its Yahoo Purchase

Verizon Ends Yahoo Independence With $4.83 Billion Deal Ahead Of Earnings

Photographer: Christopher Dilts/Bloomberg

It’s almost like Verizon Communications Inc. bought Yahoo! Inc. on Uncle Sam’s dime.

Last year’s federal tax overhaul saved the largest U.S. wireless carrier $3.5 billion to $4 billion -- an amount nearly equal to the $4.5 billion it paid for Yahoo in June.