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Browse: Home / 2016 / December / 16 / After Latest Breach, Is Verizon Finally Ditching Its $4.8B Yahoo Deal? – NBC News

After Latest Breach, Is Verizon Finally Ditching Its $4.8B Yahoo Deal? – NBC News

By Securities Docket on December 16, 2016, 10:31 am

Verizon may be backing out of its $4.83 billion deal to buy Yahoo, reported Bloomberg on Thursday.

The driving factor in any about-turn is likely Wednesday’s revelation that more than a billion accounts were breached in 2013. That announcement came less than three months after the internet giant admitted to a previous data breach that hit 500,000 accounts — at the time, the largest ever hack; but now eclipsed by yesterday’s information.

via After Latest Breach, Is Verizon Finally Ditching Its $4.8B Yahoo Deal? – NBC News

Posted in Data Breach, Top | Tagged M&A, Yahoo

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