Home SportsEconomyBusinessTechnologyEntertainmentHeightsEnergy
Yahoo to change name, trim board if Verizon deal gets done
Published in 10-1-2017
    287 Visits
SAN FRANCISCO (AP) Yahoo will adopt a new corporate identity and slash the size of its board if the proposed $4.8 billion sale of its digital services to Verizon Communications goes through. [...] the Verizon deal has been jeopardized by Yahoo's recent discovery of two computer hacking attacks that stole personal information from more than 1 billion user accounts during two different intrusions that occurred in 2013 and 2014. Verizon is reassessing whether it should renegotiate the sales price or perhaps cancel the deal light of hacking revelations that could trigger a backlash among Yahoo users upset about sensitive personal details being stolen.