Verizon is demanding for a $1 billion discount on Yahoo!

Looks like Yahoo’s problems are far from over!

After reports of them scanning users’ emails, a new report indicates that the bad news concerning the company have led to Verizon pushing to reduce the acquisition price by $1 billion.

The sources say that Verizon is really upset about the lack of disclosure and are apparently asking if they can get out of this or get a price reduction.

Over the past few days, Yahoo has been involved in two scandals, one of which involves hackers illegally accessing 500 million account,  and of U.S. intelligence agencies secretly scanning customer emails, especially years after the Snowden revelations.

However, the suggestion by Verizon has been met by resistance from Yahoo, which claimed “a deal is a deal” and that there’s no legal recourse to change the terms.

There is no official statement from Yahoo or Verizon as of yet.


Ephraim Batambuze III

Digital guy, Web developer, Tech blogger, Gadgets Reviews, Geeky dad. Twitter:@batambuze WhatsApp/Telegram:+256781665128 Skype:ebatambuze
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