Can you hear the price tag dropping?Historical Archives
Yahoo announced its sale to Verizon in late July, and yet the acquisition could fall through given the unexpectedly massive breach of at least 500 million Yahoo user accounts.
SEE ALSO: Yahoo dishes the details behind its sale to Verizon in 360-page legal filingVerizon's lawyers said that there is a "reasonable basis" for them to withdraw from the deal, which has yet to close.
"I think we have a reasonable basis to believe right now that the impact is material and we're looking to Yahoo to demonstrate to us the full impact. If they believe that it's not then they'll need to show us that," Verizon general counsel Craig Silliman said at a Verizon event Thursday in Washington, D.C, according to Reuters.
In September, Yahoo confirmed that data from at least 500 million user accounts had been stolen in 2014, the scale of which could make it one of the largest data breaches in history.
When Yahoo officially admitted the breach, Verizon released a quite stunning statement, exposing that it received news of the security incident twodaysbefore the public announcement.
That was two months after Verizon announced it had would acquire Yahoo's core business for $4.83 billion.
Interestingly, Verizon CEO Lowell McAdam speaking earlier this week at a tech conference in San Francisco seemed optimistic about the deal.
"I'm not that shocked. It’s not a question of if you're going to get hacked — it’s when you’re going to get hacked," McAdam said, according to Business Insider. "I think people are going to realize that this is the state of the way the internet operates."
A story from the New York Postlast week alleged that Verizon was interested in a $1 billion discount. Verizon declined to comment Thursday if there were talks to renegotiate the price with Yahoo.
Yahoo said in a statement following reports, “We are confident in Yahoo’s value and we continue to work towards integration with Verizon.”
Editor's note: A previous version of this story stated Lowell McAdam is the CEO of Yahoo. He runs Verizon.
Topics Verizon Yahoo
Best portable power station deal: Save 44% on the Jackery Explorer 100 v2
Instagram might give us a brand new feature: Spins
How to spot AI
SpaceX just stuck another rocket landing at sea, this time before dawn
5 Ways to Access a Locked Windows Account
Best travel deal: Priceline's Spring Planning Sale is live until March 24
Trump's NOAA nominee signed weather deal with Chinese government
Mayor of San Juan tells Trump that he is leaving Puerto Rico to die
Best robot vacuum deal: Eufy Omni C20 robot vacuum and mop at record
5 new iOS features you’re not getting because you’re outside the EU
NYT Connections Sports Edition hints and answers for May 18: Tips to solve Connections #237
SpaceX launches and lands another rocket on a drone ship at sea
Why the internet stans Ireland
The 'hell' that was the California fires comes alive in gut
Best Max streaming deal: Save 20% on annual subscriptions
Google Maps now lets you fly above other planets and moons
It’s smell
SpaceX launches and lands another rocket on a drone ship at sea
Hurricane Laura's impact lingered with nightmarish mosquito swarms
Amazon's latest AI feature lets sellers automatically generate a product page
How ‘Les Misérables’ Was the Biggest Deal in Book HistoryPoolside with Chuck Berry“A Song and the Sultan”: A Poem by Mahmoud DarwishThree Kafkaesque Short Stories By … Franz KafkaStung: New Paintings by Lamar PetersonYevgeny Yevtushenko, “Olympic Champion of Poetry”Whiting Awards 2017: Kaitlyn Greenidge, FictionHighlights from the New York Antiquarian Book FairWhiting Awards 2017: Clarence Coo, DramaThis Oxford Comma Is for You, the Working ManOn Wells Tower’s Story “The Brown Coast”Alice Neel and the Art of SelfOf Opium, Spying, and Secret Silk SquaresMy Dogs Eat Better Than I Do, and I’m Okay with ThatHighlights from the New York Antiquarian Book Fair“And I’d Do It Again”: Aimée Crocker and the Art of the Heiress“Scared Shitless”: The Weird Power of Fecal IntensifiersLove the Smell of Old Books? Try the Historic Book Odor WheelWhy We Keep Looking for Lost Jungle CitiesYevgeny Yevtushenko, “Olympic Champion of Poetry” Teen sneaks into band's VIP section by editing their Wikipedia page 'Zombieland: Double Tap' should've stayed dead: Review 7 things that lasted longer than Michael Flynn as national security adviser I can barely explain this e The Analogue Pocket celebrates the history of mobile gaming What is National Period Day? Lady Gaga posts Instagram recovering from fan dropping her off a stage My response to the nastiest OKCupid message I've ever received Seth Rogen responds to underaged kid arrested for his fake 'McLovin' ID QuickBooks Self Man gets into a new relationship, friends hold touching funeral Amazon takes on Skype with Chime video conferencing Hedgehog trapped in a yoghurt pot gets a shakedown from the cops The first all 'The Lighthouse' explained: What did it all mean? Justin Trudeau awkwardly staring at Trump's hand instantly becomes a meme Why the 'Office Ladies' podcast is worth your time How I, Bridget Trump, became a Valentine's Day sex goddess Robert Pattinson Batman movie adds Paul Dano as The Riddler Samsung Galaxy S10 bug lets any fingerprint unlock it
2.3354s , 10107.6328125 kb
Copyright © 2025 Powered by 【Historical Archives】,Exquisite Information Network