According to a Bloomberg report, Verizon Communications, which previously agreed to pay $4.8 billion for the tech giant, has now renegotiated the price as a result of the highly publicized hacks that rocked Yahoo late previous year.
Verizon hopes to combine Yahoo's search, email and messenger assets, as well as advertising technology tools, with its AOL unit, which Verizon bought in 2015 for $4.4 billion.
More negotiations continued and it was determined that Verizon would acquire the Internet giant for $250 million less than what the original deal dictated. That alarmed Verizon officials, who immediately launched their own investigation into the losses. Reuters reports that the final price reduction could in fact be as high as $350 million. The New York Times later reported that the discount may be closer to $300 million. Bloomberg further notes that in addition to the new terms of the deal, Verizon and Yahoo (which will be renamed Altaba, Inc.) will "share any ongoing legal responsibilities related to the breaches".
FirE Sweeps Through Disneyland Parking Structure
Four cars were destroyed and four more had major damage from the fire, which brought losses estimated at £144,000, police said. The blaze broke out in a auto park - which holds 10,000 vehicles - in the California park, on Monday (Fenruary 13).
In September 2016, Yahoo announced that at least 500 million users were affected by a late 2014 cyber-hacking incident led by a "state-sponsored" actor.
Following reports of a revised deal, Yahoo's stock jumped $0.57 (1.27%) to $45.59 early Wednesday afternoon, while Verizon slipped down $0.30 (0.61%) to $47.98. If Evita Breadsticks can sell her flaming pile for more than $4 billion, we will have to take back nearly everything we've ever said about her* before she takes a deserved senior role in the Mnuchin Treasury Department. It could be argued that this reflects just how little Verizon values Yahoo!
To which Marissa Mayer is obviously responding "That's all?!?!..."