Yahoo Slashes Price Of Verizon Deal $350 Mn After Data Breaches

Fahad Shabbir (@FahadShabbir) Published February 21, 2017 | 07:20 PM

Yahoo slashes price of Verizon deal $350 mn after data breaches

NEW YORK, , (APP - UrduPoint / Pakistan Point News - 21st Feb, 2017 ) - Yahoo slashed the price of the sale of its core internet business to Verizon by $350 million following a pair of major data breaches at Yahoo, the two companies announced Tuesday.

Under the revised terms of the deal, Verizon's purchase the Yahoo assets will now be $4.48 billion. The two companies also will split the cost of third-party litigation and some government investigations related to the breaches, which affected more than 1.5 billion accounts.

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