Verizon announced a revised takeover deal with Yahoo that will cut the price by $350 million.
NEW YORK— Yahoo is taking a $350 million hit on its previously announced $4.8 billion sale to Verizon in a concession for security lapses that exposed personal information stored in more than 1 billion Yahoo user accounts. The revised agreement, announced Tuesday, eases investor worries that Verizon Communications Inc. would demand a discount of at least $1...
Some of the names on the move ahead of the open.
The companies have agreed to reduce the price Verizon will pay to acquire Yahoo's operating business by $350 million.
The company quietly informed account users of this third hack in December of 2016.
Ed Lee, Recode managing editor, discusses the latest headlines on the deal for Verizon to buy Yahoo's core business.
Yahoo is warning users of potentially malicious activity on their accounts between 2015 and 2016.
The company is notifying customers about potential malicious activity between 2015 and 2016, related to a previously disclosed data breach.
Verizon is close to announcing a revised takeover deal with Yahoo that will cut the price slightly, sources said.
CNBC's David Faber reports the latest news between Verizon and Yahoo.
Tech's big night out, the Annual Crunchies Awards, gets political.
Several tech companies plan to send a letter to U.S. President Donald Trump urging his administration to follow through on proposed changes to a travel ban.
Several technology companies plan to send a letter to Donald Trump urging him to follow through on proposed changes to a travel ban.
Shares of Alphabet under-preformed the broader tech sector Monday following a report that the company is drawing antitrust scrutiny within Trump's team.
Kellyanne Conway tells CNBC that Trump needs to tweet to get the real information out.
In addition to helping their own employees, tech companies are offering support for others affected by Trump's travel ban.
Earlier this week a report claimed Verizon was exploring a deal with Charter that would unite the two giants.
Shares of Charter surged on Thursday after a report that claimed Verizon is exploring a combination with the company.
Verizon's search for new businesses is looking haphazard, Breakingviews explains.
CNBC's Bertha Coombs breaks down the momentum in the Nasdaq.