Verizon knocks off $350M from Yahoo deal after breaches
Verizon Communications will pay US$350 million less for Yahoo after two major data breaches reported by the struggling internet pioneer.
Verizon will pay about $4.48 billion for Yahoo’s operating business, and the two companies will share any potential legal and regulatory liabilities arising from two major data breaches announced in late 2016. The companies announced the amended terms of the deal Tuesday.
Back in October, one news report had Verizon seeking a $1 billion discount after the first breach was announced.