Is Verizon (VZ) Backing Out Of Acquiring Yahoo (YHOO)?

With two data breaches announced last year, Yahoo has not made themselves look pretty for Verizon, who is expected to acquire them.

According to the Dow Jones, a top executive from Verizon is unsure whether the Yahoo deal will go through.

Marni Walden, executive vice president for Verizon, reportedly said that she “can’t say with confidence one way or the other” whether the deal will get done.”

The Dow Jones reported that Verizon is still studying the impact of the second breach.

Disclaimer: We have no position in Verizon Communications Inc. (NYSE: VZ) nor Yahoo! Inc. (NASDAQ: YHOO) and have not been compensated for this article.

Sofia Vida

Sofia has been writing for major news outlets for over 15 years. In her spare time she enjoys hiking, walking her dogs, and going to concerts.

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