Home deals Verizon reportedly closes in on a Yahoo acquisition with a $250M discount

Verizon reportedly closes in on a Yahoo acquisition with a $250M discount

188
0
SHARE
Photo via tenz1225 on Wikimedia Commons

Tech Crunch reports: “Verizon and Yahoo are close to reaching a new acquisition deal, with a price tag that’s $250 million less than the $4.8 billion agreed upon last year, according to a Bloomberg report. A Verizon spokesperson declined to comment on the report. Even without confirmation, the story has been good for Yahoo stock — as of 11:51am Eastern, the price is up 1.4 percent since the market opened. Following the disclosure of two separate hacks (one affecting more than 500 million accounts, another affecting more than a billion ), Yahoo announced last month that the deal’s closing date had been pushed back until the second quarter of 2017.

Read more