Friday October 07, 2016

Verizon Wants $1B Discount On Yahoo Deal

To be honest, after everything that has come to light after this deal was brokered, I don't think this is an unreasonable request. I'm actually a bit surprised that Verizon didn't pull out of the deal completely.

Verizon Communications is pressing for a $1 billion discount off its pending $4.8 billion agreement to buy Yahoo, the New York Post reported, citing sources. The Yahoo deal team is pushing back hard against any attempts to negotiate the price down, the paper said. Last month Yahoo said at least 500 million of its accounts were hacked in 2014 and in a statement Verizon said it had been made aware of the breach immediately but had limited information about the matter.