Due to two massive security breaches – which affected more than one billion users – Yahoo and Verizon have agreed to cut the acquisition price of Yahoo by 350 million USD. The acquisition price for Yahoo’s core Internet assets is now 4,48 billion USD. The deal is expected to be closed in the second quarter of 2017.
Both parties furthermore agreed to split the cost of any possible legal liabilities resulting from the security breaches.
For more on the Yahoo deal, follow the link.