Announcement of new deal price from the previous $4.8 billion allays fears of deal cancellation or even bigger price cut.
Yahoo’s sale to Verizon Communications has taken a hit as the previously announced price of $4.8 billion has been cut by $350 million in the wake of a series of serious security lapses at Yahoo, reports NBC News.
The concession announced yesterday is still less than an expected $1 billion cut, and has somewhat reduced investor concerns.
