Verizon has signaled that Yahoo’s massive data breach may be enough reason to halt its US$4.8 billion deal to buy the internet company.
On Thursday, Verizon’s general counsel Craig Silliman said the company has a “reasonable basis” to believe that the breach involving 500 million Yahoo accounts has had a material impact on the acquisition. This could give the company room to back out or get a large discount.
“We’re looking to Yahoo to demonstrate to us the full impact,” he added. “If they believe that it’s not, then they’ll need to show us that.”
