Yahoo Breach May Affect Deal with Verizon

October 17, 2016, Written By John H. Oldshue
Yahoo Breach May Affect Deal with Verizon

The $4.83 billion deal between Yahoo and Verizon could be endangered after Yahoo disclosed a massive 2014 data breach which affected 500 million users.

Yahoo said they had been unaware of the attack when they first signed the deal with Verizon in July. Verizon was not informed of the breach until a few days before it was made public in September.

Late last week, Verizon general counsel Craig Silliman told reporters what many analysts had already predicted–this breach would affect their deal with Yahoo.

“Based on what we know so far, we have reason to believe that Yahoo’s data breach has had a material impact,” Silliman said.

The New York Post has reported that Verizon may seek up to a $1 billion discount for Yahoo’s websites, email service and apps.

Even with this announcement, Yahoo remains confident the deal will go through.

“We are confident in Yahoo’s value and we continue to work towards integration with Verizon,” a Yahoo spokeswoman said.

The information contained within this article was accurate as of October 17, 2016. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.

About John H. Oldshue

John Oldshue is the creator of He worked for over 15 years in television and won an Emmy award for his reporting. He covers credit card rate issues for
View all posts by John H. Oldshue