Yahoo investors fear latest breach could drive down Verizon offer [telecom]

Yet another gigantic Yahoo hack should net Verizon an equally gigantic discount

By Therese Poletti

Yahoo Inc. investors were already nervous that a recent data breach would cut the price Verizon Communications Inc. was willing to pay for the internet company.

Now, they should be terrified.

Yahoo announced Wednesday that it experienced an even larger hack on its users than the previously disclosed breach, which was already being discussed as the largest theft of user data in history. While the breach disclosed in September reportedly accessed about 500 million accounts, Yahoo said Wednesday that the newly discovered hack affected more than 1 billion users.

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Bill Horne
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