Yahoo investors appear to be unmoved this morning by a story saying that Verizon, concerned about disclosures that the internet company failed to protect users’ privacy, wants to slash $1 billion from its $4.83 billion acquisition deal.
Yahoo’s stock price is down less than 1% after the New York Post reported that Tim Armstrong from Verizon-owned AOL recently met with Yahoo executives to argue for a price cut.
Investors started worrying that a massive security breach disclosed by Yahoo Inc. could impact the internet company’s $4.8 billion deal to sell its core business to Verizon Communications Inc.
Verizon’s top lawyer said it is “reasonable” that the data breach at Yahoo may be a material change to its takeover of the internet company, leaving the door open to possibly renegotiate the $4.8 billion acquisition.
Verizon's top lawyer says it now has reason to believe Yahoo's recently disclosed data breach has a "material" impact on Verizon's pending $4.8 billion acquisition of Yahoo. That leaves open the possibility that Verizon could seek a...
Verizon may not have bailed out of its deal to purchase Yahoo for $4.8 billion, but amid a growing case of bad news at the search engine company, the telecommunications giant is reportedly pushing to reduce the acquisition price by ...