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Yahoo Takes $350 Million Hit in Verizon Deal

Yahoo will pay half of all costs related to government investigations and third-party litigation related to the breaches. Yahoo also faces 23 putative class-action lawsuits in U.S. federal and state courts – just for the breach disclosed in September alone. The deal, now valued at $4.48 billion, is expected to close by the end of June. The SEC is pursuing at least two lines of inquiry: whether Yahoo waited too long to notify breach victims, and whether the search giant violated securities laws.”]

Source: https://www.cuinfosecurity.com/yahoo-takes-350-million-hit-in-verizon-deal-a-9736

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