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Verizon Reduces Yahoo Deal Price by $250 Million in Revised Deal

130 pointsby richardboegliover 8 years ago

15 comments

alrsover 8 years ago
$1B would have been better, but this is a dream come true for the people who take infrastructure and security seriously.<p>We&#x27;ve got Amy Pascal&#x27;s head on a spike, now we have the same for the Yahoo deal.<p>Please, may this be the year that Wall Street is finally bitten in a serious way by a tech company flaming out due to the technical incompetence of its leadership.
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sna1lover 8 years ago
Yahoo most likely has contingencies in place that would make a pullout from the deal very painful for VZ.<p>Otherwise VZ would have much more leverage, since they don&#x27;t need Yahoo like Yahoo needs them.
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mtgxover 8 years ago
Meanwhile:<p><a href="http:&#x2F;&#x2F;www.zdnet.com&#x2F;article&#x2F;yahoo-warning-users-that-hackers-forged-cookies-to-access-accounts&#x2F;" rel="nofollow">http:&#x2F;&#x2F;www.zdnet.com&#x2F;article&#x2F;yahoo-warning-users-that-hacker...</a><p>You&#x27;ve got to give it to Yahoo. It must be the only company that broke <i>its own world record</i> for a data breach. That&#x27;s kind of impressive in its own way.
mtgxover 8 years ago
That&#x27;s it? Seems like Verizon&#x27;s negotiation experts weren&#x27;t very good. Yahoo board is desperate to sell the company. I think they would&#x27;ve easily given up on a billion dollars to do it.<p>Also, if this was some other company, it may have actually cared about Yahoo&#x27;s disastrous data breaches and its cooperation with the NSA. But because is Verizon, the cooperation with the NSA and the spying infrastructure being already in place is probably why Verizon didn&#x27;t want to cut too much from the price.
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chrisabramsover 8 years ago
Not that I understand how the deal structure is priced, but that seems like a win for Yahoo at this point?
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git-pullover 8 years ago
If anyone from Yahoo is listening, I&#x27;m still trying to get into my Flickr account after about a year and 10+ contact attempts now. You guys literally have thousands of users in a holding pattern complaining and you&#x27;re not doing anything about it [1].<p>I&#x27;m not trying to cause trouble or shake anything up. I&#x27;m an honest person who just wants in my account with all my photos. Meanwhile while all this happens you&#x27;re just leaking and leaking account info every year.<p>What am I to do? Yahoo Help is just a FAQ that has no route for me to submit my identification information. Flickr&#x27;s legacy login is gone. My original gmail was deleted. I do not have a route for escalating my issue. I&#x27;ll show you my driver&#x27;s license, birth certificate, maybe even the last 4 numbers of the CC I used for flickr pro in 2008.<p>What do I do? Get a lawyer? This is my stuff! Get it together Yahoo!<p><a href="https:&#x2F;&#x2F;www.flickr.com&#x2F;help&#x2F;forum&#x2F;en-us&#x2F;72157668446997150&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.flickr.com&#x2F;help&#x2F;forum&#x2F;en-us&#x2F;72157668446997150&#x2F;</a>
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newscrackerover 8 years ago
This is not even a mild slap on the wrist. It seems like Verizon has been very desperate to get Yahoo and blinked during the negotiations (after the revelations about the security violations&#x2F;intrusions).
77pt77over 8 years ago
Also have a look at the latest yahoo mail breach <a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=13654696" rel="nofollow">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=13654696</a>
ptrptrover 8 years ago
Don&#x27;t forget to reduce final price by 1 billion USD - <a href="http:&#x2F;&#x2F;www.recode.net&#x2F;2016&#x2F;7&#x2F;7&#x2F;12116296&#x2F;marissa-mayer-deal-mozilla-yahoo-payment" rel="nofollow">http:&#x2F;&#x2F;www.recode.net&#x2F;2016&#x2F;7&#x2F;7&#x2F;12116296&#x2F;marissa-mayer-deal-m...</a>
geodelover 8 years ago
Huh, I think Yahoo negotiated well.
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sigjuiceover 8 years ago
<i>“I am altering the deal. Pray I don’t alter it any further.”</i>
xenihnover 8 years ago
So I have 4 shares of Yahoo I bought a few years ago on a whim...what the heck should I do with them? I paid something like $40 per share.
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nkkollawover 8 years ago
Yahoo! seems to keep screwing up. Even this last thing is a screwup, last thing they did as Yahoo!, inc.
sabeloover 8 years ago
At least now we have a price point for what a breach costs. Very pricey it seems.
bigdataanswersover 8 years ago
Yahoo has something you cant buy. Yahoo has what makes facebook unique and google plus suk. A user base, an fing large one. This discussion is not really for hacker news. We are techies, this is a talk for business men. If anyone has ad sales experience please step up and speak to the value of yahoo. Aol would love to have the inventory of yahoo in its graps and looks like they will finally get it.<p>Security is for techies, I dont think yahoo&#x27;s user base cares as much as lets say githubs. So while bad, its context that will help here.