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MarketWatch MarketPulseDec 11, 2017
Verizon stock rises on announcement of new NFL deal
Verizon Inc. shares gained 0.5% in Monday morning trading after the company said that it had signed a new streaming agreement with the NFL, reportedly worth more than $2 billion over five years, according to the Wall Street Journal. Under the deal, Verizon would have the rights to stream national and in-network NFL games on mobile devices, with the games available to viewers regardless of their wireless carrier. The deal begins in January and will include the NFL playoffs. Viewers will be able to watch the games on Yahoo, Yahoo Sports, go90, and the NFL's app. Verizon is trying to make a bigger push into the media business, after acquiring Yahoo's internet assets earlier this year and AOL in 2015. Verizon shares have fallen 4.1% so far in 2017, compared with a 19% gain for the S&P 500 Index .

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


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