Verizon may not have bailed out of its deal to purchase Yahoo for $4.8 billion, but amid a growing case of bad news at the search engine company, the telecommunications giant is reportedly pushing to reduce the acquisition price by $1 billion.
According to the New York Post, AOL chief Tim Armstrong, who runs the Verizon subsidiary that would be the umbrella company for Yahoo, is “getting cold feet.” Sources tell the publication that he’s “pretty upset about the lack of disclosure and he’s saying can we get out of this or can we reduce the price?”
