Move Over, Yahoo. Make Room For ... Altaba?
Half of Yahoo's board of directors will step down. The other half will move on to run Altaba for Verizon.LEARN MORE
Major data breaches put the sale of Yahoo to Verizon in jeopardy. But the deal's still on — with a slightly lower price tag.
A company has to be in a very special place before losing hundreds of millions of dollars in value comes as a relief. But this is Yahoo we're talking about.
That's bad, but it could have been much worse. A string of data breaches at Yahoo left some investors worried Verizon would ask for an even bigger price cut, or drop the deal altogether.
Yahoo is still sending out notifications to users affected by one of those breaches. The company warned that hackers might have used forged Yahoo credentials to access user accounts.
That's in addition to the 500 million Yahoo users who had their information compromised in 2014, and the 1 billion users compromised in 2013. Yahoo has blamed all of these breaches on state-sponsored attackers.
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The case stems from state laws passed in Florida and Texas intended to protect conservative viewpoints.
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Wednesday’s vote came after the lower house, the National Assembly, overwhelmingly approved the proposal in January.
Scripps News hears insight from young journalists about the 2024 election, local news and how to connect with a young audience.