Verizon close to reworked deal for Yahoo assets

Verizon close to reworked deal for Yahoo assets

The Yahoo logo is shown at the company's headquarters in Sunnyvale, California April 16, 2013. The company will release its quarterly results on Tuesday. REUTERS/Robert Galbraith

Verizon Communications Inc. is close to a renegotiated deal for Yahoo! Inc.’s internet properties that would reduce the price of the $4.8 billion agreement by about $250 million after the revelation of security breaches at the web company, according to people familiar with the matter.

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