Verizon to buy Yahoo core biz for $4.48b, lower than initial offer

Verizon to buy Yahoo core biz for $4.48b, lower than initial offer

A Yahoo logo is pictured in front of a building in Rolle, 30 km (19 miles) east of Geneva, in this file picture taken December 12, 2012. REUTERS/Denis Balibouse/Files

Verizon Communications Inc said on Tuesday it would buy Yahoo Inc’s core business for $4.48 billion, lowering its original offer by $350 million in the wake of two massive cyber attacks at the internet company.

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