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Variety reports: “The telco spent around $10 billion to acquire Yahoo and AOL, merging them under the Oath operating division. But the internet-media business isn’t performing as well as Verizon originally expected — and on Tuesday, Verizon said it expects to record a non-cash goodwill impairment charge of approximately $4.6 billion (pre-tax) in the fourth quarter of 2018.”

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