Saturday, 23 June 2018

Verizon secures $350m discount on Yahoo deal

By Nick Wood, Total Telecom
Tuesday 21 February 17

Companies agree to share legal liabilities stemming from major data breaches at Yahoo.

Verizon and Yahoo on Tuesday agreed a $350 million discount on the price that Verizon will pay to acquire Yahoo. The reduction lowers the value of the deal – originally agreed in July 2016 – to $4.48 billion from $4.83 billion. Verizon and Yahoo have also agreed to share certain legal and regulatory liabilities arising from the massive data breaches that Yahoo disclosed last year…

Verizon and Yahoo on Tuesday agreed a $350 million discount on the price that Verizon will pay to acquire Yahoo. The reduction lowers the value of the deal – originally agreed in July 2016 – to $4.48 billion from $4.83 billion. Verizon and Yahoo have also agreed to share certain legal and regulatory liabilities arising from the massive data breaches that Yahoo disclosed last year…

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