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Yahoo Sale To Verizon Delayed After Hack Disclosures ( 12

wiredmikey quotes a report from SecurityWeek: Yahoo said Monday that the closing of a $4.8 billion deal to sell its core internet assets to U.S. telecom titan Verizon has been delayed several months. A close originally set for this quarter has been pushed into next quarter, and has been thrown into doubt following disclosures of two huge data breaches. Yahoo announced in September that hackers in 2014 stole personal data from more than 500 million of its user accounts. It admitted another cyberattack in December, this one dating from 2013, affecting over a billion users. The U.S. Securities and Exchange Commission has opened an investigation into whether Yahoo should have informed investors sooner about the two major data breaches.
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Yahoo Sale To Verizon Delayed After Hack Disclosures

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  • by Anonymous Coward

    I hope Yahoo dies in a fire. actully if sprint att and verizion.... comcast could join them, we'll that'd be great ;)

  • by SeaFox ( 739806 ) on Monday January 23, 2017 @09:05PM (#53725341)

    Listen to that Tommy! You can actually hear the monstrous ship groan as the SS Verizon tries to do a turnabout and avoid that sand bar. Can they overcome corporate inertia and avoid this mess? Tune in next time to "Mergers on the High Seas!"

  • Deal only now on hold because the SEC is investigating.

  • 1B user accounts hacked in 2013 & 500M in 2014? Sounds like Verizon could probability purchase Yahoo from Russian hackers for a few hundred bitcoin rather than $4B in USD.
  • The incompetence of yahoo in what touches security came well to light (or probably earlier) in the heartbleed incident where it was public knowledge the exploit allowed to see usernames and passwords logging in in real time for days...
    From there, it was only downhill, and it is not exactly a secret they do not invest resources on this department...
    So what are the news here, and what are the news for investors?
    IT seems to me, I could be wrong, that anyone that does not know yahoo is not secure is either

Loose bits sink chips.