Claire Atkinson from New York Post informed that Verizon claims $1 billion discount from Yahoo.When Verizon learned the data breach it doesn’t want to pay the whole of $4.8 billion dollars.
The Post’s report, citing “several sources,” says AOL CEO Tim Armstrong is “pretty upset” about Yahoo’s lack of disclosure about the hack, and is even questioning if there’s a way to pull out of the deal entirely.
According to the report, Verizon thinks Yahoo lost its value. The cyber attack diluted Yahoo’s value. As a result, there should be a discount. However, Yahoo denied to discount.
Verizon knew about the data breach just before two days when the news went public.
The cyber attack became the largest data breach in history. In that attack, hackers attack 500 million Yahoo users information.
On the other hand, Reuters published Yahoo is working with US government. It gave users information to the government to scan millions of user emails. Moreover, it is vague what sort of data Yahoo actually handed. As a matter of fact, Reuters’ report has become adding fuel to the fire.
Armstrong, AOL CEO thinks that “…people knew the businesses were similar, but I think it’s more similar. I think what I mean by that is that Yahoo is going through a turnaround and a lot of that work and strategy is similar to what AOL did when we were turning around the company. So I think there’s a lot of opportunity there for us to speed up on both sides.”