Verizon Agrees To Buy Yahoo's Core Internet Business At $350 Million Discount

(Reuters) - Verizon Communications Inc <VZ.N>, the No. 1 U.S. wireless carrier, said on Tuesday it agreed to buy the core internet business of Yahoo Inc <YHOO.O> for $4.48 billion, about $350 million less than the original price.

The deal will combine Yahoo’s search, email and messenger assets as well as advertising technology tools with Verizon’s AOL unit.

Verizon had been trying to persuade Yahoo to amend the terms of the agreement to reflect the economic damage from two cyber...

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