The price Verizon will pay for Yahoo dropped this week as the two companies confirmed that each has agreed to a $350 million price cut, bringing the value of the deal down to $4.48 billion.
News of the revised deal follows last fall’s revelations that Yahoo’s network suffered two massive security breaches in 2013 and 2014 – putting hundreds of millions user accounts at risk. It has been reported that in the attacks, cyber criminals gained access to user information, including e-mail addresses, birthdays, and scrambled passwords.
Security analysts are calling the 2013 attack the largest hack to date.
