Yahoo not ready for data breach questions, cancels earnings call
Yahoo said Friday that it will not hold the customary conference call after it releases its third-quarter earnings next week “due to the pending transaction with Verizon.” Verizon announced in July that it had agreed to buy Yahoo for $4.8 billion.
The New York Post reported last week that Verizon wanted to cut $1 billion off the acquisition price due to the hack. Verizon denied the report.
In late September, a little less than two months after the deal was announced, Yahoo admitted that at least 500 million of its email accounts had been hacked in 2014. ■