Verizon Executive Says Yahoo Deal 'Absolutely' Still Makes Sense
October 26 2016 - 1:39PM
Dow Jones News
By Deepa Seetharaman
LAGUNA BEACH, Calif. -- Verizon Communications Inc. thinks its
planned acquisition of Yahoo Inc. "absolutely" still makes sense,
despite a major customer-data breach at the internet company that
surfaced after the agreement, Verizon Executive Vice President
Marni Walden said Wednesday.
Speaking at The Wall Street Journal's WSJDLive 2016 technology
conference, Ms. Walden said Verizon hopes to get the results of
Yahoo's review of the hacking issue within 60 days. She declined to
say if there is a scenario in which Verizon might walk away from
the deal.
Verizon announced in July that it would buy Yahoo for $4.8
billion. Yahoo then said on Sept. 22 that user data from 500
million accounts were stolen in a 2014 breach that Yahoo had only
recently discovered.
Write to Deepa Seetharaman at Deepa.Seetharaman@wsj.com
(END) Dow Jones Newswires
October 26, 2016 13:24 ET (17:24 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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