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Yahoo says Verizon deal expected to close in June

Marcio Jose Sanchez / AP

Yahoo chief executive Marissa Mayer said Tuesday in a statement that Verizon's acquisition of the company is "anticipated to complete in June," in line with the company's stated timeline of closing in the second quarter of the year.

Why it matters: The deal has been burdened by multiple revelations of hacking of Yahoo user accounts, and when it closes will be a big part of Verizon's play at the targeted ad market controlled by Google and Facebook.