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Is this related to the most recent hack? IE, are they valuing Yahoo as less now that there's more bad press?
by serg_chernata 10y ago
Is this related to the most recent hack? IE, are they valuing Yahoo as less now that there's more bad press?
- tyleraldrich 10y agoUh, yes. Look at the first sentence of the article: "Verizon Communications Inc. is exploring a price cut or possible exit from its $4.83 billion pending acquisition of Yahoo! Inc., after the company reported a second major e-mail hack affecting as many as 1 billion users"
- mitoyarzun 10y agoI think it's more than just bad press, it's more liability.
- swyman 10y agoFrom what I understand there's a clause in the deal that allows Verizon to walk away if Yahoo was hiding something "material" from them. http://www.wsj.com/articles/material-adverse-change-clause-is-rarely-triggered-1476402532 http://www.wsj.com/articles/material-adverse-change-clause-i...