Yahoo slashes price of Verizon deal $350 mn after data breaches
Yahoo
New York - AFP
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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Dubai - Arab Today
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