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Home News

Verizon to Cut Price of Yahoo Deal

by Chinmay Bidkar
February 16, 2017
in News
Reading Time: 1 min read
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Verizon to Cut Price of Yahoo Deal
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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)

Also read- ISRO SETS WORLD RECORD, LAUNCHES 104 SATELLITES AT ONE GO!
Tags: AltabaVerizonVerizon-Yahoo mergerYahoo
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Chinmay Bidkar

Curious, Keen Observant & Dynamic! Chinmay finds peace in meeting people who work hard for humanity. He has new found interest in Gadgets and Techs and at Techstory he gets to write about it! Reach out at- [email protected]

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