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On Sept. 2, 2015, $YHOO acquired Polyvore, Inc., a social commerce website. Cash consideration was a part of the total purchase price of approx. $161MM. Under the agreement terms $YHOO acquired all of the equity interests of Polyvore. After acquisition, $YHOO will be recognizing stock-based compensation expense of $15MM over a period of four years.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.