The Deal In July 2016, Verizon announced plans to acquire Yahoo for $4.8 billion.1 The announcement followed a period of decline for Yahoo, and an unsuccessful attempt to shift the company’s operation towards the mobile market. The company made numerous acquisitions, including social media site Tumblr, in an effort to broaden its audience.2 However, despite…
Tag: contracts
Amazon’s Lawsuit and Non-compete Agreements for Executives
On March 21, 2016, Amazon filed a suit in Washington state court seeking enforcement of a non-compete agreement signed by a recently departed executive.1 Arthur Valdez had been serving as vice president of operations for Amazon and oversaw the companies’ supply chain and logistics operations but recently left to become the chief supply chain and…