Verizon wants $1B discount on Yahoo deal after hacking reports
“Armstrong’s push for a $1 billion discount on the price is, one person told The Post, on top of a $1 billion reserve that Verizon may set aside to fund possible liabilities associated with the Yahoo email hack.”
So in other words, within the course of weeks it turns out that Yahoo may be worth $2.8 billion instead of $4.8 billion. Gee, I’m sure all these tech valuations are totally rooted in reality.
Verizon is pushing for a $1 billion discount off its pending $4.8 billion agreement to buy Yahoo, several sources told The Post exclusively. The request comes on the heels of the web giant getting …
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