Verizon says Yahoo hack 'material,' could affect deal

Verizon says Yahoo hack 'material,' could affect deal
 

Verizon Corp (VZ.N) said on Thursday it has a "reasonable basis" to believe Yahoo Inc's (YHOO.O) massive data breach of email accounts represents a material impact that could allow Verizon to withdraw from its $4.83 billion deal to buy the technology company.
Verizon's general counsel Craig Silliman told reporters the data breach could trigger a clause in the deal that would allow the U.S. wireless service company to not complete it.
"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... read more

 
13 October 2016 in Business, Views: 42
Source: Reuters
Share:
  •  





    News Widget for Webmasters



    Bring Eugene's son back home immediately

    Realtime News

     

    «
    »
    Mo Tu We Th Fr Sa Su
          1 2 3 4
    5 6 7 8 9 10 11
    12 13 14 15 16 17 18
    19 20 21 22 23 24 25
    26 27 28 29 30 31