Top
Verizon Cuts Better Deal for Breach-Battered Yahoo

Verizon Cuts Better Deal for Breach-Battered Yahoo

February 22, 2017

Category:

Verizon and Yahoo on Tuesday announced new terms for the acquisition deal they inked last summer. Verizon will pay US$350 million less than the original contract price, which places the new value of the deal at $4.48 billion.

Yahoo will be responsible for 50 percent of any breach-related cash liabilities incurred as a result of non-SEC government investigations and third-party litigation, under the new agreement. Yahoo will be fully responsible for any liabilities resulting from shareholder lawsuits and SEC investigations.

Read More on Ecommerce Times