Verizon Reportedly Looking for $1 Billion Discount on Yahoo Sale
Verizon Communications (VZ) - Get Report doesn't appear to be too happy about not knowing about Yahoo!'s (YHOO) hack. According to the New York Post, Verizon is pressing for a $1 billion discount off its pending $4.8 billion agreement to buy Yahoo's core assets.
This comes after Yahoo revealed two weeks ago that it had been hacked in 2014 and that users' names and passwords for 500 million accounts were swiped. Earlier this week, reports surfaced that Yahoo had been scanning emails for terrorist signatures, in compliance with a classified U.S. government directive. Yahoo shares were down slightly in Friday's session.
Meanwhile, Ed Ponsi of Real Money Pro, our subscription-only site for active traders and investment professionals, writes that the charts for Verizon, Starbucks (SBUX) - Get Report and Altria Group (MO) - Get Report all look "troublesome." You can read his technical analysis of all three stocks here.
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