Abby Jackson / Business Insider: Finance
Verizon will write down $4.6 billion in value of Oath, the unit that combined AOL and Yahoo assets – Verizon expects to write down the value of its Oath business by $4.6 billion in the fourth quarter of 2018. In an SEC filing on Tuesday, Verizon stated the expected writedown is the result of competitive pressures in the digital ad business and an integration between Yahoo and AOL that …
