Yahoo’s $4.8 billion purchase price for Verizon Communications will be discounted by $350 million, the companies say. Yahoo disclosed three massive data breaches – one disclosed in September 2016 and two in December 2016 – after hammering out the acquisition deal. The breaches collectively compromised more than 1 billion accounts, sometimes more than once. Yahoo also faces 23 putative class-action lawsuits in U.S. federal and state courts – just for the breach disclosed in Sept. 2016. The SEC is pursuing at least two lines of inquiry: whether Yahoo waited too long to notify breach victims, and whether Yahoo violated securities laws.”]
Source: https://www.govinfosecurity.com/yahoo-takes-350-million-hit-in-verizon-deal-a-9736