Verizon Communications and Yahoo back in July last announced they have entered into a definitive agreement under which Verizon will acquire Yahoo’s operating business for approximately $4.83 billion in cash. Today both the companies have announced that they have agreed to reduce the price Verizon will pay to acquire Yahoo’s operating business by $350 million. Verizon’s acquisition of Yahoo is now valued at approximately $4.48 billion in cash. Continue reading “Verizon’s acquisition of Yahoo now valued at $4.48 billion after price is reduced by $350 million”