Jim Cramer: Yahoo! Helps Verizon Keep More Customers
The Yahoo! acquisition is a huge boost for Verizon's stock because it will help the company attract new customers while simultaneously retaining its old ones, says Jim Cramer
The Yahoo! (YHOO) acquisition is a huge boost for Verizon's (VZ) - Get Report stock because it will help the company attract new customers while simultaneously retaining its old ones, said TheStreet's Jim Cramer, adding that Verizon's four percent dividend yield is also attractive. Verizon acquired AOL in May 2015 for $4.4 billion, and CEO Tim Armstrong continues to lead the unit. The Yahoo! deal is intended as a springboard to build the digital media juggernaut Armstrong has long sought to combat the dominance of Alphabet's (GOOGL) - Get Report Google and Facebook (FB) - Get Report .
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.
