In wake of billion-account hack, Verizon reportedly not so hot for Yahoo

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Yahoo reveals more breachiness to users victimized by forged cookies [Updated]


Less than 24 hours after Yahoo disclosed that one billion of its accounts had personal data stolen by a state-sponsored actor, Verizon is “exploring a price cut or possible exit” from its proposed blockbuster deal to acquire Yahoo, according to Bloomberg.

Back in October, Verizon’s top lawyer told reporters that Yahoo’s September announcement of a data breach of more than 500 million e-mail accounts constituted a potential material impact that would allow for the mobile powerhouse to pull out of the $4.83 billion deal. That arrangement, which was announced in July 2016, has yet to formally close.

Verizon is already the owner of AOL after buying that company for $4.4 billion last year. Buying Yahoo would give the telco control over a second giant of the early Web. The AOL purchase provided Verizon with numerous news sites, a large advertising business, and more than 2 million dial-up Internet subscribers. Yahoo would give AOL a large base of website visitors and still more advertising revenue.

As of this writing, Yahoo’s stock price has dropped nearly 5 percent on the day.

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