Verizon Believes Yahoo Email Hacking ‘Material’ And It Could Affect The Sale Of Yahoo

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:

Verizon’s general counsel Craig Silliman told reporters the data breach could trigger a clause in the deal that would allow the U.S. wireless service company to not complete it.

“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, declining to comment on whether talks are under way to renegotiate the purchase price.

Clearly you have to believe that this deal is in deep trouble. VERY deep trouble. Do not be shocked if this you start to hear more about this in the coming days and weeks in a negative way if you’re cheering for Yahoo to be sold.

I am sure that there is more to come on this front.

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