Verizon, Yahoo Near Revised Deal That Cuts Price of Tech Firm by About $300 Million
February 15 2017 - 12:12PM
Dow Jones News
By Ryan Knuston
Verizon Communications Inc. and Yahoo Inc. are near a revised
transaction that would reduce the price Verizon would pay for the
internet company's core business by about $300 million, a person
familiar with the matter said.
The two companies also are discussing an agreement to share any
future liabilities as a result of two massive data breaches Yahoo
disclosed after the companies struck their original $4.8 billion
deal in July, people familiar with the matter said.
An agreement could come even though Verizon's investigation into
the breaches isn't complete, one of the people said. Executives at
the carrier want to move forward despite some remaining uncertainty
in order to get to work on integrating Yahoo with AOL, the person
said.
(END) Dow Jones Newswires
February 15, 2017 11:57 ET (16:57 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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