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Verizon gets a $350 million discount on Yahoo

How much are a billion hacked accounts worth? Verizon and Yahoo said today they amended the terms of their long-suffering merger. Under the new deal, Verizon will pay $4.48 billion in cash for Yahoo’s internet business, $350 million less than the original figure. The discount comes after revelations of two massive hacks against Yahoo, which … Continue reading “Verizon gets a $350 million discount on Yahoo”

How much are a billion hacked accounts worth? Verizon and Yahoo said today they amended the terms of their long-suffering merger. Under the new deal, Verizon will pay $4.48 billion in cash for Yahoo’s internet business, $350 million less than the original figure. The discount comes after revelations of two massive hacks against Yahoo, which compromised 500 million and 1 billion user accounts, respectively. Read the full release here

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About the author

Christopher Zara is a senior staff news editor for Fast Company and obsessed with media, technology, business, culture, and theater. Before coming to FastCo News, he was a deputy editor at International Business Times, a theater critic for Newsweek, and managing editor of Show Business magazine

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