Verizon Asking for Discount on Yahoo Deal

Apparently Verizon wants to knock $1B off its purchase price for Yahoo after news of the hacking scandal surfaced. That’s a little over 20% the original price. “Yahoo is telling Verizon that a deal is a deal and that the telecom giant has no legal avenue to change the terms. Yahoo’s next board meeting is in two weeks but the two parties are continuing discussions.”

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