Verizon wants $1 Billion discount on Yahoo acquisition deal after recent scandals

Verizon, which has agreed to purchase Yahoo for $4.8 Billion, is now asking for a $1 Billion discount, according to recent reports.

The request comes after Verizon Communications learned about the recent disclosures about hacking and spying in past few weeks.

Just two weeks ago, Yahoo revealed that at least a half Billion Yahoo accounts were stolen in 2014 hack, marking it as the biggest data breach in history.

Verizon to announce $5 billion deal to buy Yahoo

The announcement will come before the start of New York trading hours, the source added.

The deal will end months of uncertainty about Yahoo's future after the company announced plans to review strategic alternatives in February.

Yahoo and Verizon both declined to comment.

Bloomberg first reported the deal would be announced on Monday for $4.8 billion.

Verizon Set to Buy Yahoo for $5 Billion — Here's Why a Telecom is so Interested!

The telecommunication giant Verizon.

Yes, Verizon Communications Inc. is reportedly closing in on a deal to acquire Yahoo’s core business for about $5 Billion, according to a report from Bloomberg.

Since the agreement between the companies has not been finalized, it is unclear at this moment that which Yahoo's assets the deal would include.

Global stock markets waver as Fed decision nears


The Fed winds up a two-day policy meeting later Thursday and could raise interest rates for the first time in nearly a decade. A long period of ultra-low interest rates since the financial crisis has helped send stock and bond prices higher.