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

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.

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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.

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Written by Hisham Sarwar

That is all you ever need to know about me but let me warn you, freelancing for me is a journey, certainly not a destination :)