Yahoo and Verizon Strike a Deal after Cyber Attacks

ST. LOUIS (CBS) – Cyber security breaches will cost Yahoo hundreds of millions of dollars.

Verizon and Yahoo have cut another deal in the wake of two massive cyber attacks. Verizon will buy Yahoo’s internet properties for $4.48 billion, down $350 million from the original agreement.

The revised deal is intended to ease investor concerns that the sale would fall through.

(TM and Copyright 2017 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2017 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

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