Yahoo Inc. on Friday revealed details behind the five-month auction process for its web business that began in February with Yahoo Japan’s interest in a potential merger and ended in July when Verizon Communications Inc. raised its offer to $4.83 billion. In a proxy statement, Yahoo invited shareholders to a special, as-yet unscheduled meeting to approve the Verizon deal. The deal comes as Yahoo faces increased pressure to...

Source: Wall Street Journal September 10, 2016 01:52 UTC