Verizon Says Yahoo Hack Could Have “Material Impact” Affecting Acquisition

Verizon hinted again this morning that it will continue to press for a price cut — said to be about $1 billion — in its $4.83 billion deal to buy Yahoo’s assets following the recent disclosure of a major 2014 security breach.
Yahoo said last month that a “state-sponsored actor” stole 500 million users’ information including names, passwords, email addresses, birth dates, and — in some cases — answers to security questions.
“This was an extremely large breach that has…

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