Yahoo and Verizon 'near to agreeing revised sale terms' [telecom]

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Internet group Yahoo has reportedly agreed a price cut on its initial $4.8bn (£3.86bn) sale to Verizon.

Verizon's purchase of Yahoo's core internet arm was put in doubt last year after disclosure of two cyber attacks.

Several reports in the US said Yahoo has now accepted a price cut of up to $350m and agreed to share liability with Verizon for potential lawsuits.