This is an actual case of taking using your strength – or others weakness – to your Favour. And also another case of selling when the time is right. How you know the right time is solely at your discretion.
Yahoo have found themselves at the receiving ends as buyers Verizon, after agreeing to a deal earlier, is now pushing for a renegotiation and a possible $250 million cut would be effected in the selling price.
Recall that there had been agreements which puts Yahoo’s selling price at around a whooping $4.8 billion. However, the deal which was first announced in July 2016 and had been set to wrap in the first quarter of 2017 would now be renegotiated to the tune of $4.5 billion.
Read more: 500 Million Yahoo Accounts Hacked
This is coming after series of high-profile breaches reportedly suffered by the company last year. Sometime in the month of September, year 2016, the Yahoo revealed it had suffered a massive attack affecting close to a million users. Today, it is almost – or nore than – three months and yet, YAHOO could only come forward with news of another major breach and no solution to the menace.
Trust me, if I was Verizon, I’d ask for a $750 million cut from the initial deal. I can’t inherit a dying company whose security is zero and still pay that much. But then, it seems Verizon has so much money.
According to reliable reports, in addition to the discount, Verizon and the entity that remains of Yahoo after the deal, to be renamed Altaba Inc., are expected to share any ongoing legal responsibilities related to the breaches.
An announcement of the new agreement could come in a matter of days or weeks, said the people. The revised agreement isn’t final and could still change, they said.
But now, when we finally have Altaba Inc., what would the Yahoo strength be used for? I guess all we can do is to wait and find out. But I don’t see a revived Yahoo anytime soon, do you?