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Yahoo Sale To Verizon Delayed After Hack Disclosures (securityweek.com)

Posted by BeauHD on from the kick-the-can-down-the-road dept.

wiredmikey quotes a report from SecurityWeek: Yahoo said Monday that the closing of a $4.8 billion deal to sell its core internet assets to U.S. telecom titan Verizon has been delayed several months. A close originally set for this quarter has been pushed into next quarter, and has been thrown into doubt following disclosures of two huge data breaches. Yahoo announced in September that hackers in 2014 stole personal data from more than 500 million of its user accounts. It admitted another cyberattack in December, this one dating from 2013, affecting over a billion users. The U.S. Securities and Exchange Commission has opened an investigation into whether Yahoo should have informed investors sooner about the two major data breaches.

12 comments

  1. Gee thanks by Anonymous Coward · · Score: 0

    For last years' news.
    Just because they said something today doesn't mean it didn't happen last year. Or in this case, years ago.

    1. Re:Gee thanks by Anonymous Coward · · Score: 0

      That's some fine reading comprehension there, Lou.

  2. Great! by Anonymous Coward · · Score: 1

    I hope Yahoo dies in a fire. actully if sprint att and verizion.... comcast could join them, we'll that'd be great ;)

    1. Re: Great! by Anonymous Coward · · Score: 1

      Cox can join them too

    2. Re: Great! by Highdude702 · · Score: 1

      Oh so you guys don't like tv and internet I guess..

  3. Creaak... Creeeeeeeeek by SeaFox · · Score: 3, Funny

    Listen to that Tommy! You can actually hear the monstrous ship groan as the SS Verizon tries to do a turnabout and avoid that sand bar. Can they overcome corporate inertia and avoid this mess? Tune in next time to "Mergers on the High Seas!"

    1. Re:Creaak... Creeeeeeeeek by FatdogHaiku · · Score: 1

      Makes me think of this crew...
      https://www.youtube.com/watch?v=aSO9OFJNMBA

      --
      You have the right to remain sentient. If you give up the right to remain sentient, you will be elected to public office
  4. Suspicion by Narcocide · · Score: 2

    Deal only now on hold because the SEC is investigating.

  5. DealInTheRuskies by sdinfoserv · · Score: 1

    1B user accounts hacked in 2013 & 500M in 2014? Sounds like Verizon could probability purchase Yahoo from Russian hackers for a few hundred bitcoin rather than $4B in USD.

  6. Who are they trying to deceive? by ruir · · Score: 1

    The incompetence of yahoo in what touches security came well to light (or probably earlier) in the heartbleed incident where it was public knowledge the exploit allowed to see usernames and passwords logging in in real time for days...
    From there, it was only downhill, and it is not exactly a secret they do not invest resources on this department...
    So what are the news here, and what are the news for investors?
    IT seems to me, I could be wrong, that anyone that does not know yahoo is not secure is either incompetent, does not want to know, or has been living in a cave since 2011-2012.