Here’s what’s going on in tech on Wednesday…
–Verizon is said to be close to negotiating a new deal that will lower its acquisition price for Yahoo by $250 million. The cause of the price reduction is said to be the revelations of recent widescale network hacks of Yahoo.
–Facebook is coming out with an app for Apple TV, Amazon Fire TV and Samsung Smart TVs. The main purpose seems to be to make watching videos through Facebook more attractive to viewers.
–Brad Smith, Microsoft’s president, is calling for a “Digital Geneva Convention” to crack down on prevent cybercrime by nation-states.
—Intel is dropping its sponsorship of science fairs for high schools, which had been one of its biggest public relations efforts.
–ICYMI: Warren Buffet’s Berkshire Hathaway quadrupled its stake in Apple to more than 57 million shares during the last three months of 2016. Berkshire’s Apple holdings are now worth $7.7 billion.
—PayPal has bought TIO Networks for $233 million. The deal gives PayPal access to customers who pay utility and other bills at kiosks located in RiteAid stores and other locations.
–Amazon’s drone plans get more “interesting”. The company intends on dropping drone orders by parachute.
–Japan’s Softbank is buying U.S. private-equity giant Fortress Investment Group for $3.3 billion. Fortress has holdings in Lyft, Jawbone and other tech companies.
Photo: Yahoo! Corporate Headquarters in Sunnyvale on Tuesday, Jan. 20, 2015. Verizon is said to be negotiating a new deal that will cut is acquisition price of Yahoo by $250 million. (LiPo Ching/Bay Area News Group).