Report: Verizon Could Ditch Yahoo Deal Over Hacking

Verizon is reportedly reconsidering its $4.83-billion deal to purchase Yahoo after it was revealed Wednesday that the internet company was subject to massive computer breach, possibly affecting more than 1 billion user accounts. The report, which was published by Bloomberg citing sources close to the deal, led to Yahoo’s stocks taking a 5-percent dive on Thursday as uncertainty looms. “While a Verizon group led by AOL Chief Executive Officer Tim Armstrong is still focused on integration planning to get Yahoo up and running, another team, walled off from the rest, is reviewing the breach disclosures and the company’s options, said the person, who asked not to be identified discussing private information,” the business-news outlet reported.