Verizon says Yahoo data breach could affect deal

Verizon says Yahoo data breach could affect deal

US telecoms firm Verizon says Yahoo's massive data breach could have a "material" impact on its deal to buy the internet firm.
It agreed to purchase the main parts of the business in July for $4.8bn (£4bn).
But since then Yahoo has revealed that hackers stole the data of about 500 million users in what could be the largest publicly disclosed cyber-breach in history.
Verizon could seek to reduce the price or walk away from the deal altogether.
A legal representative for Yahoo, Craig Silliman, told reporters: "I think we have a reasonable basis to believe right now that the... read more

14 October 2016 in Business, Views: 43
Source: BBC

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