Yahoo says its closing its Verizon deal in the second quarter instead of in the first quarter, which is when it initially said the deal would close. The $4.8 billion deal was originally slated to close in the first quarter, but that was before Yahoo reported two massive data breaches that analysts say may scrap the entire deal. Although Yahoo continues to work to close the acquisition, there’s still work required to meet closing the deal's closing conditions, the company said in an earnings statement, without elaborating.
Yahoo, one of the Internet's most venerable companies, won't exist for much longer. According to SEC paperwork filed on Monday, it will be rolled into a publicly-traded investment company called Altaba. Basically, Verizon is paying $4.8 billion solely for Yahoo's core internet business, leaving behind Yahoo's 15% of Chinese retail giant Alibaba and a part of Yahoo Japan, which is a joint venture with Softbank. Those assets will continue to exist in a separate company that will now operate under the catchy Altaba name.
Yahoo confirmed that personal data from at least 500 million of its user accounts has been stolen in one of history's largest ever security breaches. The company, in the statement, said that "state-sponsored actor" is behind the attack, which happened in late 2014, but was only discovered recently during investigation of another suspected attack. Yahoo didn't revealed the identity of the state.
Yahoo could confirm in the coming days a data breach in the accounts of several hundred million users, as reported by Recode citing unnamed sources. The breach may affect over 200 million Yahoo accounts, including highly sensitive information such as names, passwords, birth dates or other email addresses. The confirmation would follow a Yahoo investigation into claims that surfaced in early August that a hacker with the name "Peace" was trying to sell data, as referred by USA Today.
Verizon Communications has reached an agreement of $ 4.8 billion value to acquire part of the assets of Yahoo and close a long auction process for the former pioneer of the internet world. The transaction concerns the internet business Yahoo and real estate and is expected to be announced during the day today. The price is far below the market capitalization of over 125 billion dollars achieved from Yahoo at the time of the dot-com bubble.
Verizon would be close to the acquisition of Yahoo!, as reported by Bloomberg, according to which the parties have come to the stage of "two-negotiation" and that an announcement could come in days. Earlier this week the offers were evaluated in a range between 4 and 6 billion dollars, with the exception of that of the same telecomunications company that would stop under 4 billion, but excluding the perimeter of purchase patents and real estate properties.
Deals for Yahoo, the last act. Today final bids for the Internet portal business, which include the search engine, email, advertising and the division of information, are expected. According to sources gathered by the "New York Times", the deadline for submission of bids is scheduled for Monday, while the short list will be examined shortly after the board of the American group that should communicate within short time time for its decisions.
The US giant telecom Verizon Communications would plan to submit a bid in the second round of 3 billion US dollars for the core business of the Internet Yahoo, according to the Wall Street Journal reported, citing a person familiar with the matter. According to the newspaper of the Big Apple, Verizon would have to meet the Monday deadline for the second round of bids.
Nears the deadline to bid for internet assets of Yahoo, but the expectations of the technology giant of Silicon Valley may be disappointed According to rumors reported by the Wall Street Journal, potential investors, Verizon Communications in the lead, would not offer more than $ 2-3 billion, while the company believes that the fork is from 4000 to 8000 million. Analysts believe that the assets actually worth between 4 and 5 billion.
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