Greg Sterling says, “According to Bloomberg, Verizon is close to a renegotiated deal for Yahoo, which would bring the price down $250 million. That’s quite a bit less than the previously rumored $1 billion being sought by the telecommunications company.

The originally announced purchase price was $4.8 billion.

Another provision of the renegotiation, which probably kept the purchase price from being cut further, is shared liability between Verizon and Yahoo successor Altaba for any data breaches or hacks. The latter will retain assets not being sold to Verizon, including the company’s remaining Alibaba stake. Altaba is apparently a combination of “alternative” and “Alibaba.””.

Verizon-Yahoo deal closing said to be close after $250 million price discount

Marketing Land

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