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Recode Daily: The Yahoo-Verizon deal is happening, but at a slight discount

Yahoo’s data-breach issues will trim up to $350 million from the $4.8 billion price.

Verizon CEO Lowell McAdam
Drew Angerer / Getty

Yahoos series of data breaches didn’t torpedo the sale of its core assets to Verizon, but it will trim the $4.8 billion price tag by up to $350 million. Altaba, the stub company left after the deal, will assume much of the liability for breaches that may be discovered later. — [Kara Swisher / Recode]

With his GOP support dissolving, fast-food exec and robot fan Andrew Puzder withdrew his name as President Trump’s pick for labor secretary. Meanwhile, U.S. intelligence officials are withholding some sensitive details of their activities from Trump because they don’t trust his discretion. — [Alan Rappeport / New York Times]

Facebook is moving into LinkedIns turf, letting employers post job listings to their Page and applicants to respond through Messenger. — [Kurt Wagner / Recode]

Amazon and Google are looking at giving their Echo and Home smart speakers the ability to serve as phones, if they can resolve issues involving privacy, regulations and 911 calls. — [Ryan Knutson and Laura Stevens / Wall Street Journal]

On the latest episode of Recode Media with Peter Kafka, journalist Gabriel Snyder explains the New York Times’ plan to drive digital revenue by offering a single subscription, then regularly adding new services and features to increase the value. — [Eric Johnson / Recode]

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