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Yahoo Data Breach May Entitle Verizon To Back Out Of Deal

  • Reuters, Thursday, October 13, 2016 4:42 PM

Verizon lawyer Craig Silliman suggested Thursday that the company could back out of its offer to purchase Yahoo for $4.83 billion. Silliman says the recent news that hackers obtained information relating to 500 million Yahoo accounts may trigger a clause in the deal that allows Verizon to withdraw.

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