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Yahoo’s Email Hack Could Cause Verizon To Abandon $4.8 Billion Deal

Last month, Verizon announced its intention to acquire beleaguered media company Yahoo for a reported price of $4.8 billion. Now, a new development could tank that deal. Reuters is reporting that Verizon is investigating whether a 2014 security breach that compromised more than 500 million Yahoo accounts constitutes a “material impact” that would allow Verizon to retract its purchase.
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