Verizon has reportedly cut Yahoo's price by up to $350 million

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marissa mayer

Ethan Miller/Getty

Yahoo and Verizon agreed to cut their deal price by up to $350 million following Yahoo's disclosure of two data breaches, according to The Wall Street Journal.

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The companies also agreed to split the costs of the breaches, according to the report.

Bloomberg reported last week that Verizon had tentatively reached a revised deal that lowered Yahoo's price by about $250 million.

Verizon agreed to buy Yahoo's ailing internet business last year for $4.8 billion.

More to come ...

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