Yahoo would rather not face questions from financial analysts about whether its massive email hack could derail the company’s $4.8 billion acquisition by Verizon.
The internet company announced 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.
Investors started worrying that a massive security breach disclosed by Yahoo Inc. could impact the internet company’s $4.8 billion deal to sell its core business to Verizon Communications Inc.
Verizon’s top lawyer said the hacking of 500 million Yahoo email accounts, made public after the deal was announced, could justify reopening sale discussions.
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 2...
It seems Verizon might be reconsidering its agreement to pay $4.8 billion to acquire Yahoo after the latter revealed last month that 500 million of its email accounts had been hacked, Reuters reports. Verizon had signed a deal to bu...