According to foreign media reports, Verizon CommunicaTIons announced today that it has agreed to acquire Yahoo's core Internet assets for $4.48 billion in cash, which is $350 million lower than the previously agreed purchase price.
Verizon CommunicaTIons announced in July last year that it would acquire Yahoo's core Internet assets for $4.83 billion in cash. But in the following months, Yahoo announced two hacking incidents, causing hundreds of millions of user information to be leaked.
To this end, in December last year, it was reported that Verizon CommunicaTIons requested to reduce the price of Yahoo because of the two hacking incidents.
According to the latest agreement between the two parties, Verizon CommunicaTIons will acquire Yahoo's Internet assets for US$4.48 billion. The deal is expected to be completed in the second quarter of this year, when Yahoo's search, email, instant messaging (IM) and advertising technology tools will be integrated into Verizon Communications' AOL division.
In addition, the new agreement also stipulates that if the above two intrusions will bring any potential debt or cost to Yahoo in the future, it will be jointly undertaken by Yahoo and Verizon Communications.
The deal means that Yahoo's history as a self-operated company is coming to an end, with the remaining assets being mainly 15% of Alibaba Group's shares and 35.5% of Yahoo Japan's shares.
Yahoo CEO Marissa Mayer said in a new quarterly earnings report last month that Yahoo will continue to protect user data security without hesitation.
Verizon Communications said that the acquisition of Yahoo Internet assets will further strengthen its Internet business in the AOL sector.
Guangzhou Ehang Electronic Co., Ltd. , https://www.ehangmobile.com