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MARKETS LIVE BLOG:

STOCKS SHED GAINS, TESLA SURGES DAY AFTER EARNINGS

Tesla shares jump after EV maker vows to speed up launch of more affordable models

Verizon buys Yahoo, AMC ups offer for Carmike

Yahoo Finance

Here are some of the stocks the Yahoo Finance team will be tracking for you today.

Yahoo (YHOO), the parent company of Yahoo Finance, is on investors’ watch list this morning. Verizon (VZ) communications officially announced that it is acquiring Yahoo. The deal is worth $4.83 billion, and includes Yahoo’s core Internet business and some real estate.

In other merger news, shares of Carmike Cinemas (CKEC) got a nice pop in early trading after AMC Entertainment (AMC) raised its buyout offer for its smaller rival by 10% to $1.2 billion in cash and stock. AMC CEO Adam Aron called this the best and final offer.

SolarCity (SCTY) rose in early trading. The solar panel maker and Tesla (TSLA) are close to hammering out the terms of a merger, according to Reuters. It’s unclear yet whether SolarCity will be able to land a go-shop provision, which will allow it to press for other bids. Elon Musk is the founder and a major shareholder of both companies.

Ericsson’s (ERIC) US-listed shares got a nice pop in early trading. The Swedish mobile telecom gear maker’s CEO stepped down amid shareholder pressure after reporting a big drop in profit for the second quarter.

Sprint (S) posted revenue that topped analysts’ estimates and earnings came in line with forecasts as it added more wireless users than expected in its fiscal first quarter.