Yahoo and Verizon Agree to a Lower Price; Deal to Close in Second Quarter; Raising Yahoo Fair Value
The various data breaches experienced by Yahoo appear not to have significantly impacted Verizon’s plan to acquire Yahoo’s core business, as both companies announced a new agreement that will be approximately $4.48 billion, or 7.25% lower than the initial deal signed in July 2016. In addition, while Yahoo will bear any liabilities related to SEC investigations and legal actions taken by shareholders, both companies have agreed to split other possible liabilities from data breaches. The deal is l...
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