Saturday, November 12, 2016

Verizon pushes for $1 billion discount on Yahoo deal



Verizon Communications (VZ.N) is urgent for a $1 billion bargain off its pending $4.eight billion settlement to buy Yahoo (YHOO.O), the new york post suggested, mentioning assets.
The Yahoo deal group is pushing lower back difficult towards any attempts to barter the fee down, the paper said. (nyp.st/2cXANRi)
closing month Yahoo said at least 500 million of its money owed had been hacked in 2014 and in a declaration Verizon said it have been made aware of the breach straight away however had constrained information about the matter.
U.S. senators accused Yahoo of "unacceptable" put off in coming across the hack and advised the U.S. Securities and trade commission to analyze whether or not Yahoo and its senior executives fulfilled obligations to tell traders and the public about the hacking attack.
Verizon and Yahoo both declined to remark.
In July, Verizon agreed to buy Yahoo Inc's center internet residences for $four.83 billion in coins, placing the degree for a large new net push via the telecom large.

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