After Yahoo data breach, Verizon hints that it could pull out of $4.83B deal
Verizon’s top lawyer told reporters Thursday that Yahoo’s September announcement of a data breach of more than 500 million e-mail accounts constitutes a potential material impact that would allow for the mobile powerhouse to pull out of the $4.83 billion deal. That arrangement, which was announced in July 2016, has yet to formally close.
"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,” Craig Silliman said, according to Reuters. “If they believe that it's not then they'll need to show us that.” Silliman declined to respond to questions about whether Verizon was trying to negotiate a lower price.
