Saturday, 17 December 2016

Could Verizon Cancel Yahoo purchase

Verizon is reportedly reconsidering its $4.8 billion purchase of Yahoo.

Yahoo announced Wednesday that 1 billion account credentials had been stolen going back to 2013, and the telecommunications giant is apparently considering canceling the entire acquisition.

Verizon could also decide to try to reduce the purchase price that it agreed to back in July.

Business Insider's Kif Leswing has the full story.