Verizon to get Yahoo at a 350M discount following cyber attacks

Yahoo will now sell its core business to Verizon at 4.48 billion USD (350 million less the original amount of 4.8) following Yahoo’s disclosure on massive cyber-attacks back in September 2016. While not a deal-breaker as posted earlier, a significant cut to the original price has left Yahoo licking its wounds and sending a message to Kenyan companies that cyber security is a big deal.

It is reported that Verizon will get Yahoo’s Internet business, which includes Yahoo Mail, Flickr, Tumblr and Web properties such as Yahoo Finance and Yahoo Sports, hoping to rival Facebook and Google in digital advertising.

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