- Yahoo said Monday that the closing of a $4.8 billion deal to sell its core assets to US telecom titan Verizon has been delayed several months.

A close originally set for this quarter has been pushed into next quarter, the pioneering internet firm said while releasing quarterly earnings figures that showed a profit of $162 million in the final three months of last year.

"Yahoo has continued to work with Verizon on integration planning for the sale of its core business," the company said in a release.