Verizon on firm footing to push for discount in Yahoo deal, analysts say
Verizon should push for a big discount off its pending $4.8 billion deal to buy Yahoo, given Yahoo’s recent data breach and reported questionable security practices, several analysts said Friday.
“Verizon should certainly pay less for Yahoo at this point,” said Patrick Moorhead, an analyst at Moor Insights & Strategy. “Unfortunately, the property is damaged goods, particularly after the acknowledged security breach.”
A report on Thursday in the New York Post, quoting unnamed sources, said Verizon pushed Yahoo for a $1 billion discount on the purchase deal.
To read this article in full or to leave a comment, please click here