[vc_row][vc_column][vc_text_separator title=”Verizon wants $1B discount on Yahoo deal after reports of hacking, spying”][td_block_text_with_title]According to the sources Verizon is looking for a $1 billion cut off its pending $4.8 billion agreement for buying the Yahoo.
The request comes after the bad news get too much viral and caught the attention. According to Yahoo massive hacking was likely “State sponsored”. The stolen information includes e-mail, addresses, Phone numbers, date of birth, password.
Earlier this week Secret Foreign Intelligence Surveillance court ordered Yahoo to scan emails for terrorist signatures.
After the news Time Armstong is getting cold feet and pretty upset for not disclosing the situation. He’s saying can we get a discount? This might be hard to get the Yahoo to roll back the price.
Yahoo/AOL will cross 1 billion consumer if the deal ends in the first quarter, with goal to reach 2 billion users by 2020.
Sources said that the AOL boss Tim Armstrong flew to West Coast to meet with the Yahoo executive to talk for a price reduction.
Meanwhile Yahoo deal team is pushing hard against any attempt for a price negotiation. Yahoo is clearing Verizon that a deal is a deal and they has no legal way to change the terms. But the two giant companies are continuing discussions.
Former Acting CEO Ross Levinsohn in an interview to CNBC on Wednesday tells. “If I’m sitting at Verizon right now…From business point of view I will surely go back to Yahoo and ask them for a discount. On Thursday Yahoo shares drops by 3 cents to $43.68 while Verizon closed unchanged at $50.26.