Snap! What’s the Latest on Verizon & Yahoo?
Quick heads‑up: Verizon’s buying Yahoo’s core internet arm, but at a lower price – $350 million (£281 million) down from the original bargain.
Why the cut? Yahoo’s hit by two major cyber‑attacks, and that rattled the deal. Verizon now clocks in the purchase at roughly $4.48 billion.
What’s the Deal? What’s the Deal‑Broke‑Downtime?
- Both sides’re splitting the bill for lawsuits around the latest cyber incidents.
- Verizon plans to mash Yahoo’s search, email, and messenger tools into its AOL unit.
- Expect a boom in mobile video & advertising revenue.
Backstory: The Breaches
- 2013: A massive cyber‑attack hit over a billion Yahoo accounts.
- 2014: A follow‑up breach affected about half a billion users.
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