Verizon Demands Yahoo Discount After Data Breaches
Posted: March 14, 2017 to News.
Poor Yahoo. Once an internet giant, there is an ongoing attempt to sell it off to Verizon, but the search engine and news outlet continues to get dinged by reports of massive data theft from various hacks. Verizon is still interested in the purchase, but according to a SEC filing, they are looking to get a $925 million discount from the current $4.83 billion price. After two hacks resulting in 1.5 billion stolen user records was reported, the two agreed on a price of $4.48 billion. Severance packages were also reported, including Yahoo CEO's Melissa Mayer. She will receive a total package of $23 million one completion of the deal.Protect Your Business Today
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