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13

Verizon Says Yahoo Hack Could Reopen $4.8 Billion Deal Talks

By Tony Seruga

In a statement on Thursday, Yahoo said, “We are confident in Yahoo’s value and we continue to work towards integration with Verizon.” CreditMarcio Jose Sanchez/Associated Press

SAN FRANCISCO — Verizon Communications may seek to renegotiate its $4.8 billion purchase of Yahoo’s operating business, dealing another blow to the struggling internet company.

Verizon’s top lawyer said on Thursday that his company thought that the hacking of 500 million Yahoo email accounts in 2014 — disclosed last month, well after the deal was announced — had materially diminished the value of Yahoo, potentially allowing Verizon to reopen the sale discussions…

Verizon Says Yahoo Hack Could Reopen $4.8 Billion Deal Talks

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