Verizon Executive Says Company Is Unsure About Yahoo Deal
A Verizon Communications executive said that while the company’s planned purchase of Yahoo makes strategic sense, she ‘can’t sit here today and say with confidence one way or the other’ whether the deal will be completed
By RYAN KNUTSON
Updated Jan. 5, 2017 1:07 p.m.
Weeks after Yahoo Inc. disclosed a second massive data breach, Verizon Communications Inc. is unsure whether it will proceed with its $4.83 billion purchase of the internet company’s core business, a top Verizon executive said Thursday.
Marni Walden, a Verizon executive vice president, said the carrier is still studying the impact of a data breach at Yahoo that affected more than one billion accounts, which the internet firm disclosed in December. The hack occurred in 2013 and is separate from a 2014 breach, disclosed in September, that exposed 500 million Yahoo accounts.
When asked at an investor conference in Las Vegas whether the telecom giant would proceed with the deal, Ms. Walden said: “Unfortunately, I can’t sit here today and say with confidence one way or the other because we still don’t know.”