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Verizon Seeking $1 Billion Off Yahoo Bid

May 24, 2023
in Trade Tube
Reading Time: 1 min read
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Verizon Communications doesn’t appear to be too happy about not knowing about Yahoo’s hack. According to the New York Post, Verizon is pressing for a $1 billion discount off its pending $4.8 billion agreement to buy Yahoo’s core assets. This comes after Yahoo revealed two weeks ago that it had been hacked in 2014 and that users’ names and passwords for 500 million accounts were swiped. Earlier this week, reports surfaced that Yahoo had been scanning emails for terrorist signatures, in compliance with a classified U.S. government directive. Yahoo shares were down slightly in Friday’s session.

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