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Attacks/Breaches

9/26/2016
10:25 AM
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Yahoo Breach Could Delay $4.8 Billion Verizon Takeover

Verizon may revisit contract with Yahoo on doubts of vulnerabilities in the system after 500 million accounts were found hacked.

The news that 500 million Yahoo accounts were breached by hackers may not jeopardize the tech company’s deal with Verizon, but it could delay it as the telecom giant takes a closer look at the legal ramifications, says NBC News.

Some believe it is certainly likely to rule out Yahoo CEO Marissa Mayer’s possible extension after the takeover.

Verizon, all set to take over Yahoo in a July $4.8 billion deal, is mostly staying away from commenting on the breach news, but did say: "We will evaluate as the investigation continues through the lens of overall Verizon interests, including consumers, customers, shareholders and related communities."

Experts believe the breach revelation could raise queries on the homework done by Verizon on Yahoo's security policy and get it scrambling to revisit the purchase price.

Read details here

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