Verizon believes Yahoo email hacking 'material,' could affect deal

Verizon believes Yahoo email hacking 'material,' could affect deal
 

Verizon Corp's (VZ.N) general counsel, Craig Silliman, said on Thursday the company has a "reasonable basis" to believe that Yahoo Inc's (YHOO.O) massive data breach of at least 500 million email accounts represents a material impact that could allow Verizon to withdraw from its $4.83 billion deal to buy Yahoo.
Silliman told reporters that the data breach could trigger a clause that could allow Verizon to withdraw from the deal. "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.... read more

 
13 October 2016 in Science &Technology, Views: 36
Source: Reuters
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