Verizon has tentatively reached a revised deal with Yahoo, according to Bloomberg.
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Verizon is reportedly close to a revised deal that cuts Yahoo's price by about $250 million (YHOO, VZ)
Yahoo shares gained nearly 2% in trading after the news crossed.
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The deal cuts Yahoo's price by about $250 million, according to the report.
Verizon was said to have reconsidered the $4.8 billion deal in December after Yahoo announced that 1 billion account credentials had been stolen as far back as 2013. Both companies will reportedly share legal responsibility for the hack.
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