Verizon (VZ) Reacts To Yahoo’s (YHOO) Data Breach

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It was Thursday that Yahoo admitted to a data breach in 2014 that resulted in around 500 million user accounts having at least some of their information stolen.

Verizon is currently buying Yahoo for $4.8 billion. The company acquired Yahoo’s core business in July for $4.83 billion but has not yet finalized the acquisition. Verizon had this statement to make:

“Within the last two days, we were notified of Yahoo’s security incident. We understand that Yahoo is conducting an active investigation of this matter, but we otherwise have limited information and understanding of the impact. We will evaluate as the investigation continues through the lens of overall Verizon interests, including consumers, customers, shareholders and related communities. Until then, we are not in position to further comment.”

It’s kind of shocking that Yahoo only provided notification of the breach in the last two days when the company has been in acquisition with Verizon for months. Could the acquisition be called off?

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

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