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  5. Verizon manages to lower the price of the purchase of Yahoo by 350 million

Verizon manages to lower the price of the purchase of Yahoo by 350 million



Verizon manages to lower the price of the purchase of Yahoo by 350 million


One of the worst years in Yahoo’s history has been 2016, a year in which all the attacks that the company’s servers have received and that have put more than 1,500 million accounts at risk have been uncovered. No internet service is invulnerable, but what has hurt users the most has been that it kept that information secret for so long, since the first attack was carried out in 2012 and the second in 2014. But also, another One of the problems that Yahoo has gotten a bad name for has to do with the program its engineers made so that the NSA could access all Yahoo mail service accounts.

In the middle of last year, Yahoo reached an agreement with Verizon for this company to take over the majority of the company in exchange for 4.83 billion dollars. But as the months went by and Yahoo’s wrongdoing was uncovered, Verizon began to rethink the decision to buy it, requesting a significant reduction in the final price he had to pay. After many negotiations, it seems that Yahoo has lowered the price of the agreement in 350 million dollars, an amount that supposes 5% of the total amount of the operation.

In this way, the final price that Verizon will have to pay will be $ 4.48 billion. The purchase agreement will close in the second quarter of 2017 and does not include Yahoo’s shares in Alibaba or Yahoo’s business in Japan, which appears to be one of the most lucrative for the company. What you will have to take care of will be the debts for payments and fines that the company may receive when the investigations that are being carried out to find out the reason why these attacks were hidden for so long are finished.