In an email to AOL staffers CEO Tim Armstrong said he anticipates the Verizon, Yahoo deal to close within the next ten weeks.
Stocks trade above closing records on Tuesday as energy names rally on a boost to crude oil.
Stocks post solid gains with the Dow Jones Industrial Average up for its eighth straight session on the back of positive retail earnings.
After revelations of a pair of massive user hacks, Yahoo! has agreed to accept $4.48 billion in cash for its core assets.