Slashdot Mirror

← Back to Stories (view on slashdot.org)

Verizon Explores Lower Price or Even Exit From Yahoo Deal (bloomberg.com)

Posted by msmash on from the in-the-aftermath dept.

Verizon is reconsidering its $4.8 billion purchase of Yahoo, according to Bloomberg. Citing a source, the publication claims that Wednesday's announcement by Yahoo -- theft of info from one billion users -- has led Verizon to consider scrapping the deal entirely. From the report: While a Verizon group led by AOL Chief Executive Officer Tim Armstrong is still focused on integration planning to get Yahoo up and running, another team, walled off from the rest, is reviewing the breach disclosures and the company's options, said the person, who asked not to be identified discussing private information. A legal team led by Verizon General Counsel Craig Silliman is assessing the damage from the breaches and is working toward either killing the deal or renegotiating the Yahoo purchase at a lower price, the person said. One of the major objectives for Verizon is negotiating a separation from any future legal fallout from the breaches. Verizon is seeking to have Yahoo assume any lasting responsibility for the hack damage, the person said.

7 of 52 comments (clear)

  1. Run, Verizon. by Anonymous Coward · · Score: 5, Insightful

    Run far, run fast, don't look back.

    1. Re:Run, Verizon. by Jawnn · · Score: 2

      Run far, run fast, don't look back.

      Yahoo's CSO, Alex Stamos sure did. He clearly saw this train-wreck a'comin' and jumped just in time.

  2. gross by Osgeld · · Score: 4, Interesting

    While a Verizon group led by AOL Chief Executive Officer Tim Armstrong is still focused on integration planning to get Yahoo up and running

    its like watching two rotten old corpses fuck

  3. Dumbest business ever by sjbe · · Score: 4, Insightful

    Yahoo turning down Microsoft's offer to buy them out for $45B has to go down as one of the dumbest business decisions of all time. Conversely Microsoft might win the award for biggest bullet (unintentionally) dodged of all time. Yahoo is just an absolutely pathetic company which has been badly managed for a long time.

  4. Not likely. by SeaFox · · Score: 3, Interesting

    As I said last night

    , it's just posturing to get the company for a cheaper price. They'll go through with it either way.

  5. WTF kinda name is that? by TimothyHollins · · Score: 4, Funny

    A legal team led by Verizon General Counsel Craig Silliman

    I'm not sure Craig is taking his job seriously...

  6. Re:Yahoo assume lasting responsibility? by Zocalo · · Score: 2

    Verizon buys rights to the Yahoo! name and other assets, properties, etc. A small dessicated husk of a company remains that assumes any legal liabilities and so on... then promptly gets wound up as soon as the money from the sale can be shuffled away, leaving all Yahoo!'s former users that might feel inclined to sue legally high and dry.

    --
    UNIX? They're not even circumcised! Savages!