US telecoms firm Verizon says Yahoo’s massive data breach could have a “material” impact on its deal to buy the internet firm. It agreed to purchase the main parts of the business in July for $4.8bn (£4bn). But since then Yahoo has revealed that hackers stole the data of about 500 million users in what could be the largest publicly disclosed cyber-breach in history. Verizon could seek to reduce the price or walk away from the deal altogether. A legal representative for Yahoo, Craig Silliman, told reporters: “I think we have a reasonable basis to believe right now that the impact is material and we’re looking to Yahoo to demonstrate to us the full impact. If they believe that it’s not then they’ll need to show us that.”
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ORIGINAL SOURCE: BBC
