Scott Moritz Alex Sherman Brian Womack Bloomberg

Verizon Communications Inc. is close to a renegotiated deal for Yahoo Inc.'s internet properties that would reduce the price of the $4.8 billion agreement by about $250 million after the revelation of security breaches at the web company, according to people familiar with the matter.

Verizon Communications Inc. is close to a renegotiated deal for Yahoo Inc.'s internet properties that would reduce the price of the $4.8 billion agreement by about $250 million after the revelation of security breaches at the web company, according to people familiar with the matter.