(Editor’s note: This is an article from Property/Casualty 360, an affiliate of Legaltech News through parent company ALM Media.)

June marked the anniversary of the Verizon and Yahoo! deal — not that there was anything to celebrate. No company wants an acquisition to end up the way Yahoo! did for Verizon. The massive breach of every single Yahoo! account — over 3 billion in all — contributed to the significant devaluation of Yahoo! for Oath, the subsidiary of Verizon that made the purchase. This devaluation amounted to a writedown of almost $5 billion after the original acquisition price of under $4.5 billion. Talk about adding insult to injury.