Feb 21 Verizon Communications Inc, the
No. 1 U.S. wireless carrier, said on Tuesday it agreed to buy
the core internet business of Yahoo Inc for $4.48
billion, reflecting a $350 million cut to the original price.
The deal, which is expected to close in the second quarter,
will combine Yahoo's search, email and messenger assets as well
as advertising technology tools with its AOL unit.
Verizon had been trying to persuade Yahoo to amend the terms
of the agreement to reflect the economic damage from two cyber
Under the amended terms, Yahoo and Verizon will split any
future liabilities and costs that arise from the data
(Reporting by Aishwarya Venugopal in Bengaluru; Editing by