November 25, 2017

Yahoo salvages Verizon deal with $350 million discount – WRCB

By MICHAEL LIEDTKE and TALI ARBEL
AP Technology Writers

SAN FRANCISCO (AP) – Yahoo is taking a $350 million hit on its previously announced $4.8 billion sale to Verizon in a concession for security lapses that exposed personal information stored in more than 1 billion Yahoo user accounts.

The revised agreement, announced Tuesday, eases investor worries that Verizon Communications Inc. would demand a discount of at least $1 billion or cancel the deal entirely.

The hacking bombshells, disclosed after the two companies agreed on a sale, represent the two biggest security breaches in internet history.

The breaches raised concerns that people might decrease their

Source: http://www.wrcbtv.com/story/34554827/yahoo-salvages-verizon-deal-with-350-million-discount