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Verizon Believes Yahoo Email Hacking 'Material,' Could Affect Deal (cnbc.com)
In the aftermath of disclosure of a mega-breach at Yahoo which affects over 500 million users, Verizon may be looking at a way out of Yahoo's $4.83 billion acquisition deal. From a Reuters report: The company has a "reasonable basis" to believe that Yahoo's massive data breach of at least 500 million email accounts represents a material impact that could allow Verizon to withdraw from its $4.83 billion deal to buy Yahoo. Silliman told reporters that the data breach could trigger a clause that could allow Verizon to withdraw from the deal. "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 impact. If they believe that it's not then they'll need to show us that," he said.
Yahoo knew, and didn't disclose. Presumably, they also didn't disclose the NSA stuff, either (though something tells me that, being a telecom, Verizon wouldn't actually have a problem with that one). The email platform (and associated user base) is one of the few things that Yahoo still has that is worth anything, and its value has likely been irreparably damaged. Verizon should definitely be able to walk away clean from this.
What part of "shall not be infringed" is so hard to understand?
Verizon already has one greybeard portal, AOL. they will gain more by shutting down the other creaky old man of The Commercial Connected Internet than by trying to maintain it and merge it. start poaching talent and change their offer to one thin buck.
if this is supposed to be a new economy, how come they still want my old fashioned money?
Drumpf knew all about this since he's a commie stooge of Putin.
I cannot believe that everyone does not know this by now.
Clinton/Kaine 2016
If Verizon is so hot to get all of Yahoo's customer information, why don't they just hack in like everyone else?
It's just a messy deal to accept now for Verizon. Not without some legal assurance they won't be holding the bag for lawsuits. Then you have that declining Firefox browser and a sweet guarantee to Mozilla if Verizon buy's Yahoo. That in itself is a questionable deal let alone the recent email problems. Funny how email is making the rounds these days as the worst at keeping secrets? But it sure opens up a real Pandora's box of reality when they come out.
It was super-convenient that this happened giving Verizon an out.
Requiem for the American Dream
Haha! Can you believe these suckers are paying this much for our shitty company? Hopefully they don't find out about our massive data breach. Which reminds me: I still need to change my password.
I can't decide if Verizon and Yahoo are equally shitty, or is one a bit worse? I guess either way the deal goes, one of them will be hurt, so that's good.
ie DARPA, the DoD or other government agencies I don't understand why they bother, it's all part of the same surveillance system
Unless Yahoo had disclose this to Verizon of course this would affect the deal. No news here.
After Verizon's failed attempt to renegotiate the deal failed, this was the obvious next step for Verizon - step back, re-evaluate decision, and make new lower offer for Yahoo. Of course, there's a chance someone else will "snap up" Yahoo, but there's no reason to overpay for Yahoo.
Ken