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Verizon to Cut Price of Yahoo Deal

verizon yahoo deal

16 February 2017, USA:

Verizon is cutting the price of its deal to buy Yahoo by $250 million, signaling that they could complete the acquisition soon.

In addition to the discount, Verizon and the entity that remains of Yahoo after the deal, to be renamed Altaba Inc., are expected to share any ongoing legal responsibilities related to the breaches, said the people, who asked not to be identified discussing private information. An announcement of the new agreement could come in a matter of days or weeks, said the people. The revised agreement isn’t final and could still change, they said.

Yahoo confirmed the notifications were genuine.

“The investigation has identified user accounts for which we believe forged cookies were taken or used. Yahoo is in the process of notifying all potentially affected account holders,” a spokesperson confirmed. (Image- Network World)

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