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EC approves Verizon-Yahoo deal

Verizon Communications Inc. won approval from the European Commission for its deal to acquire Yahoo! Inc., according to a Dec. 21 post by the commission.

While approving the deal, the EC said the proposed transaction "would not raise any competition concerns given the companies' moderate market positions, the limited increments brought by the proposed transaction and the presence of a number of strong players providing such services."

The news comes after a report indicated that Verizon was considering either ending its takeover bid for Yahoo or negotiating a price cut following news of another cyberattack at the internet company.