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Report: Yahoo and Verizon Deal Cut by $350 Million

12:38 pm on Feb 21, 2017 (gmt 0)

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According to the latest reports from people familiar with the matter, Yahoo and Verizon have agreed to cut the price by up to $350 million.

Previous figures suggested $250 million Report: Verizon Wants $250 Million Off the Yahoo Deal [webmasterworld.com]

Now confirmed by Verizon
Under the amended terms, Verizon and Yahoo have agreed to reduce the price Verizon will pay to acquire Yahoo’s operating business by $350 million. In addition, Verizon and Yahoo will share certain legal and regulatory liabilities arising from certain data breaches incurred by Yahoo. Verizon and Yahoo amend terms of definitive agreement [verizon.com]

Verizon’s acquisition of Yahoo – now valued at approximately $4.48 billion in cash, subject to closing adjustments – is expected to close in second-quarter 2017.

[edited by: engine at 5:31 pm (utc) on Feb 21, 2017]

7:48 pm on Feb 21, 2017 (gmt 0)

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In a actual free market I'm sure a utility provider has a large breathe of ethical standing to acquire a service provider. In the semi-free market that Earth tenuously endures I'm less certain about how I feel about this merger.