POST Online Media Lite Edition


Yahoo not ready for data breach questions, cancels earnings call

Staff Writer |
Yahoo is not to ready face questions about whether its massive email hack could derail the company’s $4.8 billion acquisition by Verizon.

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.

What to read next

Yahoo to live stream second quarter results
Germany urges users to leave Yahoo after 1 billion accounts were hacked
Yahoo thanked journalists, will shut down seven digital magazines