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February 15, 2017 04:57 pm GMT

Verizon reportedly closes in on a Yahoo acquisition with a $250M discount

Photo: Lisa Werner/Moment MobileVerizon and Yahoo are closeto reaching a new acquisition deal, with a price tag that’s $250 million lessthan the $4.8 billion agreed upon last year,according to a Bloomberg report.A Verizon spokesperson declined to comment on the report. Even without confirmation, the story has been good for Yahoo stock — as of 11:51am Eastern, the price is up 1.4 percent since the market… Read More

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