Anyone could have seen that coming. Verizon is reportedly nearing an agreement with Yahoo to trim the latter’s acquisition cost. The telco originally agreed to pay $4.8 billion for Yahoo’s core internet businesses; then came revelations that Yahoo had suffered massive data breaches in 2013 and 2014. The fallout led many to speculate that Verizon would reduce its valuation of the company or even scuttle the deal, and it looks like it’s settled for the former. Reports vary as to just how much the acquisition price has been reduced. Bloomberg says $250 million, the Wall Street Journal says $300 million, and Reuters says somewhere between $250 million and $350 million. Any way you look at it, that’s a big chunk of change. Neither Verizon nor Yahoo have commented on the reports.
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