As we all know Verizon has been trying to close deal with Yahoo to increase its online presence. The carrier was looking to buy Yahoo for $ 4.8 billion. The deal was near to close when Yahoo accounts hacking scandal got disclosed. Sadly, this has put this acquisition in jeopardy.
Verizon has been lately informed of this situation and the CEO was looking for alternates on how to integrate Verizon with Yahoo. The Yahoo hacking is really hurting the good will and the company is now cautious to buy such risky interacting giant. However, there is always possibility of renegotiating the price and that is what Verizon is working upon to avoid the bruises of this fall out.
Hopefully, if there is any deal, it will close in first quarter of 2017.