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SAN FRANCISCO — Faced with unknown costs related to two huge data breaches, Yahoo and Verizon Communications announced Tuesday

2017-02-22 22 Dailymotion

SAN FRANCISCO — Faced with unknown costs related to two huge data breaches, Yahoo and Verizon Communications announced Tuesday<br />that they had agreed to shave $350 million from the price that Verizon would pay to buy Yahoo’s core internet businesses.<br />Verizon will pay $4.48 billion for Yahoo, about $350 million less than it initially offered after security breaches that were disclosed last year.<br />The two companies said they would also share liabilities related to the breaches, which occurred in 2013 and 2014<br />but were only disclosed last year after the deal was announced.<br />The revised agreement, now valued at $4.48 billion, paves the way for the deal to proceed to a shareholder vote as early as<br />April, although securities regulators are still assessing how Yahoo disclosed information about the breaches to investors.<br />Verizon Will Pay $350 Million Less for Yahoo -<br />A Verizon store in Chicago.

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