George Szalai

Marissa Mayer, president and chief executive officer at Yahoo

Final Bids to Buy Yahoo's Core Business Due on Monday

Final bids for the internet giant are due on Monday, with the company's board expected to make a decision soon thereafter, the New York Times reported on Friday, citing sources briefed on the process. A source confirmed the timing to THR.
Globe Money Illustration

Brexit Shocks Markets, Drives ITV, Vivendi and Other Media Stocks Down

With Europe Friday morning waking up to news that a majority of Brits had voted in favor of an exit from the EU, or Brexit, in a referendum and U.K. prime minister David Cameron saying he would step down, global stock markets and the British pound tanked after a roller-coaster ride overnight that saw the currency hit highs and lows for the year against the dollar.