Verizon May Back Out of Yahoo Purchase over Massive Hack

(Reuters) — Verizon Communications Inc (VZ.N) said on Thursday it has a “reasonable basis” to believe Yahoo Inc’s (YHOO.O) massive data breach of email accounts represents a material impact that could allow Verizon to withdraw from its $4.83 billion deal to buy the technology company.

The Associated Press

Yahoo Confirms Huge Data Breach Affecting 500 Million Accounts

SAN FRANCISCO (AP) — Yahoo said hackers stole personal information from 500 million of its user accounts, a massive security breakdown it attributed to a “state sponsored actor.” The breach disclosed Thursday, the latest setback for the beleaguered internet company, dates back to late 2014.

While Yahoo as a corporate entity may be disappearing, the brand it created is likely to live on and potentially grow under its new corporate benefactor, analysts say

Jack Dorsey May Want to Pull a Marissa Mayer Soon

Twitter Chief Executive Jack Dorsey may want to consider stealing a page from Yahoo boss Marissa Mayer’s playbook. The $13 billion social-media firm that he co-founded is mostly flapping about under his helm. Now would be a good time to look for a deep-pocketed suitor.

‘Judgment Day’ for Yahoo and CEO Marissa Mayer

The end of an era approaches, as disastrous earnings reports herald the likely end of Yahoo, once an Internet search engine and email giant. Yahoo has been trudging to the corporate chopping block for months, so it’s no surprise that post-mortems began popping up over the weekend, before the axe officially came down.

The Associated Press

Packing A Punch Online, Daily Mail Moves For Yahoo

Shortlisted as a potential buyer of US Internet giant Yahoo, the Daily Mail has made an online empire out of the kind of content readers can’t resist clicking on. The parent company of the tabloid founded in 1896, Daily Mail

AFP
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