From Tyler Durden: While not surprising – her departure had been floated previously – moments ago ReCode confirmed that Yahoo CEO Marissa Mayer “will not be continuing with the new company that was announced today prematurely in a tweet by AOL CEO Tim Armstrong.”
From Tyler Durden: We warned it might and sure enough, following news of another one billion accounts hacked overnight, Bloomberg reports that Verizon is exploring a price cut or possible exit from its $4.83 billion pending acquisition of Yahoo! Inc. (NASDAQ:YHOO), according to a person familiar with the matter.
From Zacks: Yahoo! Inc.’s (NASDAQ:YHOO) streak of bad luck continues, as the company has now been sued for irresponsibility and negligence over a massive 2014 hacking incident.
Yahoo properties soon to be owned by Verizon Communications Inc. (NYSE:VZ) have suffered a massive data breach, according to a Recode report, with hundreds of millions of accounts compromised.
Zacks analyst Ryan McQueeny has three big suggestions for what Verizon should do with Yahoo, now that the buyout is a done deal.
Verizon Communications Inc (NYSE:VZ) is set to announce an agreement on Monday to buy Yahoo Inc (NASDAQ:YHOO) for a deal estimated to be worth $4.8-$5 billion.