RSS   Newsletter   Contact   Advertise with us

Yahoo not ready for data breach questions, cancels earnings call

Staff Writer | October 14, 2016
Yahoo is not to ready face questions about whether its massive email hack could derail the company’s $4.8 billion acquisition by Verizon.
Marissa Mayer
Data security   Q3 earnings without explanations
Yahoo said Friday that it will not hold the customary conference call after it releases its third-quarter earnings next week “due to the pending transaction with Verizon.” Verizon announced in July that it had agreed to buy Yahoo for $4.8 billion.

The New York Post reported last week that Verizon wanted to cut $1 billion off the acquisition price due to the hack. Verizon denied the report.

In late September, a little less than two months after the deal was announced, Yahoo admitted that at least 500 million of its email accounts had been hacked in 2014.


 

MORE INSIDE POST