Verizon has lowered its Yahoo acquisition offer by $350 million

Verizon has officially announced a $350 million reduction to the price it will pay for Yahoo’s consumer business. The cut follows the disclosure of two security breaches at Yahoo in recent years.
Bloomberg reported the lower offer last week, additionally claiming that both parties in the deals are expected to share legal responsibilities related to the cyber breaches. This turned out to be true. Going forward Altaba, a sort of zombie holding company that will retain Yahoo’s very valu