The US Securities and Exchange Commission (SEC) on Tuesday announced that Altaba – a holding company that swept up Yahoo’s remains after Verizon took over its internet business last year – has agreed to pay a $35 million fine for Yahoo having waited more than two years to tell investors about a breach it knew of as early as December 2014.
Verizon is pushing for a $1 billion discount off its pending $4.8 billion agreement to buy Yahoo, several sources told The Post exclusively. The request comes on the heels of the web giant getting bludgeoned by bad news in the past few days. Yahoo revealed two weeks ago that it had been hacked in 2014 and that usernames and passwords for 500 million accounts were swiped.
