Report: Verizon Wants $250 Million Off the Yahoo Deal

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Well, this knock down comes as no surprise, really, as the cost implications of the hacking could come in over time, and nobody really knows how big a problem it'll become. The amount and the liability are the only issues at stake here, i'm sure.

Verizon Communications Inc. is close to a renegotiated deal for Yahoo! Inc.’s internet properties that would reduce the price of the $4.8 billion agreement by about $250 million after the revelation of security breaches at the web company, according to people familiar with the matter. Report: Verizon Wants $250 Million Off the Yahoo Deal [bloomberg.com]

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.

Earlier stories
Report: Yahoo Faces Investigation By U.S. S.E.C. Over Data Breaches [webmasterworld.com]
Yahoo New Hack: 1 Billion Accounts Including Names, Emails, Telephone and Birth Dates [webmasterworld.com]