Verizon's general counsel told reporters at The Washington Post Thursday that the Yahoo breach might have had a "material impact." If that is the case, Verizon could use its escape clause to get out of acquiring the company.
October 14, 2016 at 11:00 PM
1 minute read
Verizon’s general counsel indicated Thursday that the telecom company’s plan to acquire Yahoo for $4.8 billion could have hit a roadblock.
GC Craig Silliman said at a roundtable that Yahoo’s data breach impacting 500 million customer email accounts has given Verizon “a reasonable basis to believe right now that the impact is material,” The Washington Post reported.
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