Verizon Is Paying $4.48B in Cash for Yahoo!, a $350M Discount
Verizon initially agreed to pay $4.8B for Yahoo!'s core business in July.
Verizon (VZ) - Get Report is paying $4.48B in cash for Yahoo! (YHOO) , a $350M discount. Verizon initially agreed to pay $4.8B for Yahoo!'s core business in July. Yahoo! disclosed a 2014 hack of 500 million in September, and a 2013 breach of 1 billion accounts in December. Verizon initially sought a $1B discount. Yahoo! will pay all liabilities from SEC investigations or shareholder lawsuits. The companies will split liabilities from other government inquiries or third-party suits.
This article was written by a staff member of TheStreet.
