Verizon will cut $350 million from its $4.83 billion acquisition offer for Yahoo!.
Lifting the sale deadline of its memory chip devision could help bring in new buyers and raise the price.
After disclosures of massive security breaches rocked Yahoo! last year, the companies have reportedly agreed to reduce Verizon's original offer price and make other changes to the deal.
Wall Street closed at records again on Wednesday, scoring its longest record-making streak since George Bush Sr. held the White House.