Verizon Cuts $350M from Yahoo Price

While Verizon is moving ahead with its plan to take over core parts of Yahoo’s business, the company has cut a new deal that lowers the price and has Yahoo shouldering more responsibility for any fallout from several large security breaches. Expected to close in the second quarter of this year, the Verizon acquisition of Yahoo is now priced at $4.48 billion — $350 million less than when the purchase was first announced in July.