Yahoo profit beats Wall Street, some analysts worry over effect of hack

Yahoo profit beats Wall Street, some analysts worry over effect of hack
 

Yahoo Inc reported better-than-expected quarterly adjusted profit on Tuesday, a boost for the beleaguered company whose deal to sell its core business to Verizon Communications Inc has been shaken by a massive data breach.
Verizon's general counsel said last week that the hack, which affected at least 500 million email accounts in 2014, could have a material impact, possibly allowing Verizon to withdraw from the $4.83 billion deal(£3.92 billion).
Tuesday's results provided at least an initial indication that the data breach has not led to a quick exodus of Yahoo customers, as some had... read more

 
19 October 2016 in Business, Views: 56
Source: Reuters
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