Verizon sought $925 million discount for Yahoo merger, got $350 million
The closing of the deal, which Verizon first announced in July for a purchase price of $4.83 billion, had been delayed as the companies assessed the fallout from two data breaches that Yahoo disclosed last year. The No. 1 U.S. wireless carrier had been trying to persuade Yahoo to amend the terms of the agreement following the attacks.
A photo illustration shows a man in front of a Yahoo logo seen through a magnifying glass in front of a displayed cyber code. Photo: Reuters