Verizon Wants $1billion Discount over Yahoo Privacy Issues

Verizon Wants $1billion Discount over Yahoo Privacy Issues

Intro

It was just as if the deal was already sealed and done before Yahoo revealed the biggest hack in history, and what many have called “delay tactics” by Yahoo may have taken a bad turn as Verizon has requested that Yahoo reduces $1 billion from the amount it agreed on, which means that the company could be buying Yahoo for about $3.8 billion.

A story from the New York Post revealed this, and based on the report, the key will be what was disclosed by Yahoo before signing the agreement, and no one would be too surprised that Verizon wants a real reduction.

The hack of Yahoo which it tagged a “state-sponsored attack” was revealed and confirmed by the company in September, it also revealed that it lost information which included names, email addresses, birthdates, passwords and security questions, and answers. According to the report, although the stolen passwords are encrypted and may not be reused, all other information can easily be reused across other websites, and this would be hurting the image of users.

Verizon Wants $1billion Discount over Yahoo Privacy Issues



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