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

Akin OyedeleFeb 21, 2017, 18:05 IST

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.

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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