Verizon: Yahoo's data stolen, may withdraw acquisitions

In July, U.S. telecommunications giant Verizon had planned to buy Yahoo for $4.83 billion.

This acquisition mainly involves Yahoo's search engine, online advertising tools, Internet services and other Internet businesses and real estate and other core assets. After the deal is completed, Verizon will receive 1 billion monthly Yahoo mail, news, sports content and financial tools, as well as mobile technologies for fast-growing mobile applications, video and handheld devices.

The latest news, Verizon's General Counsel Craig Silliman said on Thursday that the company has reason to believe that Yahoo's major information security incident with more than 500 million email accounts stolen has had a material impact on both parties' acquisition transactions. Verizon is entirely likely to withdraw its bid for Yahooâ€™s $4.83 billion offer.

Silliman stressed that such a major data breach incident is enough to constitute the conditions for Verizon to withdraw the offer.

I think we have a good reason to believe that the impact at this stage is substantial, and we hope that Yahoo can show us the full impact report. If Yahoo thinks there is nothing impact, then they also need proof.

However, Silliman declined to comment on whether Verizon is negotiating with Yahoo on repricing acquisitions.

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