Verizon in light of Yahoo’s latest hacking disclosure is reportedly looking for a discount or even a way out of its pending acquisition of the Internet pioneer.
Share value in Yahoo is down well over four percent as of writing.
Yesterday’s breach is the second major security issue that Yahoo has disclosed in recent months. Back in September, the company said that at least 500,000 accounts were stolen from its network in late 2014 in what the company said might have been a state-sponsored attack.
Verizon less than a month later said that breach may trigger a clause in its acquisition agreement that could allow the company to back out of the $4.83 billion deal. Now, with news of a second breach impacting more than a billion user accounts from 2013 on the table, Verizon is in an even better position to try and talk the price down.
At this point, however, it would be understandable if Verizon decided to simply walk away.
In case you missed it, Yahoo said on Wednesday that an August 2013 hack may have compromised names, e-mail addresses, phone numbers, dates of birth and hashed passwords as well as encrypted and / or unencrypted security questions and answers.
Those affected by the latest breach are being required to change their passwords. Furthermore, Yahoo has invalidated associated security questions and answers so they can’t be used to gain access to an account.
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