It’s bad news for Yahoo. The company is in the midst of finalizing its sale to Verizon, but recent revelations about hacking and spying may be costing them a pretty penny. A story from the New York Post alleges that Verizon is now asking Yahoo for a hefty $1 billion discount to finalize what was supposed to be a $4.8 billion deal. (Full disclosure: TechCrunch is owned by Verizon, although we do not have any inside knowledge about this). “The key will be what was actually disclosed by Yahoo before signing,” Frank Aquila, legendary M&A lawyer and partner at Sullivan & Cromwell tells TechCrunch. “No one should be surprised that Verizon wants a significant reduction.”
0 thoughts on “Verizon Wants $1 Billion Discount After Yahoo Privacy Concerns”
Comments are closed.