Last June, Verizon Communications Inc. announced that after more than a year, it had completed the acquisition of Yahoo Inc.’s operating business. Yahoo’s revelations of two massive breaches soon after the ink had dried on the original agreement raised questions about whether the deal will go through, but with a price cut and a revision of language to allocate liability related to the security incidents, the sides were able to reach an agreement.
Or, as Verizon executive vice president of public policy and general counsel Craig Silliman described it in an interview Thursday, Yahoo and Verizon were ultimately able to find “an elegant way to move the deal to close.”
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