Yahoo, Verizon reportedly have reached a new, lower takeover price

verizon-yahoo

According to Bloomberg, Verizon and Yahoo have reached to new takeover price of US$250 Million. It was early reported that Verizon seeks $1B discount on Yahoo deal after confirmed hacking reports.

In October, Yahoo confirmed a huge data breach, hacker selling millions of users data, compromising their personal information. In a filling in January by Yahoo, the Securities and Exchange Commission is still investigating the issue.

It is interesting to know Yahoo deal has got to such low discount considering in late 2008 the company was offered US$ 45 Billion by Microsoft but it declined the offer.

Developing Story…

 

Written by Hisham Sarwar

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