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Verizon Getting Cold Feet After Latest Yahoo Hack

Category: General News
Posted: 05:05PM

Verizon announced a deal to purchase Yahoo in July 2016 for $4.83 billion. After the recent reveal of another hack against Yahoo that will impact up to one billion users, it appears that Verizon is reevaluating that deal. It is being reported that Verizon is looking to lower its' offering or abandon the deal altogether. One of the important issues that Verizon is concerned with is not absorbing any of the fallout from the latest hack, instead leaving that to fall on Yahoo.

Source: Bloomberg

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