Yahoo reported better-than-expected 2016 fourth-quarter and full-year financial results and signaled that the Verizon deal is proceeding. Yahoo’s executives expect the company’s sale to Verizon to be delayed as the search giant continues to investigate two massive data breaches. Yahoo says to date, it’s spent $10 million investigating and remediating the two mega-breach notifications last year. But analysts caution that Yahoo’s business continues to decline, and that it needs to conclude its Verizon deal as quickly as possible.”]
Source: https://www.cuinfosecurity.com/breach-repercussions-yahoo-reports-verizon-deal-delay-a-9650