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