Verizon Communications has said it would buy Yahoo’s core business for $4.48bn (€4.22bn), lowering its original offer by $350m in the wake of two massive cyber attacks at the internet company.

US telecommunications giant Verizon has confirmed its intention to buy AOL for $4.4bn (€3.9bn), turning the biggest US wireless carrier into a leading provider of content and video for the web and mobile phones.