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AABA Altaba Inc

19.63
0.00 (0.00%)
Pre Market
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Altaba Inc NASDAQ:AABA NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 19.63 19.12 19.61 0 01:00:00

Verizon, Yahoo Near Revised Deal That Cuts Price of Tech Firm by About $300 Million

15/02/2017 5:12pm

Dow Jones News


Altaba (NASDAQ:AABA)
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By Ryan Knuston 

Verizon Communications Inc. and Yahoo Inc. are near a revised transaction that would reduce the price Verizon would pay for the internet company's core business by about $300 million, a person familiar with the matter said.

The two companies also are discussing an agreement to share any future liabilities as a result of two massive data breaches Yahoo disclosed after the companies struck their original $4.8 billion deal in July, people familiar with the matter said.

An agreement could come even though Verizon's investigation into the breaches isn't complete, one of the people said. Executives at the carrier want to move forward despite some remaining uncertainty in order to get to work on integrating Yahoo with AOL, the person said.

 

(END) Dow Jones Newswires

February 15, 2017 11:57 ET (16:57 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

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