$55m pay-off cut to $23m after Verizon re-negotiates purchase price,Communications,Internet,Leadership ,Verizon,Softbank,Google,Yahoo Japan,Alibaba,Marissa Mayer
Marissa Mayer’s pay-off after selling the bulk of Yahoo to telecoms giant Verizon has been cut from $55m to $23m after purchaser Verizon re-negotiated the deal at the eleventh hour.
The telecoms company negotiated a $350m discount , cutting the price tag to $4.48bn, and persuaded the rump of Yahoo – a large, but valuable stake in Chinese ecommerce company Alibaba, its stake in Yahoo Japan and a portfolio of patents – to share any liabilities that might arise from the security breaches that almost derailed the entire deal.
Back in January it was reported that Mayer, CEO of Yahoo since 2012, was in line to pick up a $55m ‘golden parachute’ when the deal concluded, which would also coincide with her departure from the rump company .
