Spike tv verizon8/2/2023 ![]() ![]() ![]() 9 proxy statement, Yahoo said it was not aware of any security breaches. The disclosure of the massive two-year-old security breach has raised questions about when Yahoo knew about the hack and the nature of its severity. Then, two months later, Yahoo said a “state-sponsored actor” broke in its network in late 2014 and stole usernames, hashed passwords, and other personal info for at least 500 million accounts worldwide. Yahoo reached a deal in July to sell its core web businesses to Verizon for $4.8 billion, plus an estimated $1.1 billion in payments for restricted stock at closing. The telco sees synergies in combining Yahoo with AOL (which it bought for $4.4 billion last year) to achieve greater audience and advertising scale. Silliman declined to discuss whether Verizon was negotiating a lower price. In the wake of the disclosure, Verizon has been seeking to trim $1 billion off the price tag of its proposed deal for Yahoo, the New York Post reported last week. senators demanded answers about the hack and why the company failed to report the incident until two years after it occurred. ![]() 27 letter to Yahoo CEO Marissa Mayer, six U.S. 22, Verizon said that it had only been informed of the scope of the breach two days prior. Asked to comment, a Yahoo rep said, “We are confident in Yahoo’s value and we continue to work towards integration with Verizon.”Īfter Yahoo announced the user-info breach on Sept. ![]()
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