Category Sponsorship Banner Left

Category Sponsorship Banner Right

Category Sponsorship Banner Middle

Friday, 14 October 2016 10:31

Verizon expresses doubts about Yahoo! deal Featured

By

Yahoo! has said it is confident about its value after Verizon expressed doubts that the deal to acquire the search pioneer could collapse in the face of the data breach that saw 500 million accounts exposed.

On Thursday, Verizon's general counsel Craig Silliman told a group of reporters that the data breach could trigger a clause in the US$4.83 billion deal that would allow his employer to back out.

This clause says Verizon can pull out if a new event "reasonably can be expected to have a material adverse effect on the business, assets, properties, results of operation or financial condition of the business".

Yahoo! said in a statement: “We are confident in Yahoo!’s value and we continue to work toward integration with Verizon.”

Verizon agreed to buy Yahoo! in July for a little more than a tenth of what Microsoft had offered to buy the search company eight years ago.

craig silliman verizon big

Craig Silliman says Verizon will proceed with the deal based on its "evaluation of the materiality".

But since then, good news has been hard to find for Yahoo!. In September, the company confirmed that the account details of 500 million users had been leaked two years ago.

Then, last week, reports emerged that Yahoo! had acquiesced to a request from either the FBI or the NSA to install a program on its servers to scan emails in order to find specific information.

Silliman said Verizon was evaluating the breach and would make determinations about whether and how to move forward with the deal based on its "evaluation of the materiality".

Verizon chief executive said during the week that his company's investigation into the breach was nearly two-thirds complete.

Last week, the New York Post reported that Verizon was looking to get the Yahoo! sale price lowered by US$1 billion.


Please join our community here and become a VIP.

Subscribe to ITWIRE UPDATE Newsletter here
JOIN our iTWireTV our YouTube Community here
BACK TO LATEST NEWS here

PROMOTE YOUR WEBINAR ON ITWIRE

It's all about Webinars.

Marketing budgets are now focused on Webinars combined with Lead Generation.

If you wish to promote a Webinar we recommend at least a 3 to 4 week campaign prior to your event.

The iTWire campaign will include extensive adverts on our News Site itwire.com and prominent Newsletter promotion https://itwire.com/itwire-update.html and Promotional News & Editorial. Plus a video interview of the key speaker on iTWire TV https://www.youtube.com/c/iTWireTV/videos which will be used in Promotional Posts on the iTWire Home Page.

Now we are coming out of Lockdown iTWire will be focussed to assisting with your webinatrs and campaigns and assassistance via part payments and extended terms, a Webinar Business Booster Pack and other supportive programs. We can also create your adverts and written content plus coordinate your video interview.

We look forward to discussing your campaign goals with you. Please click the button below.

MORE INFO HERE!

INTRODUCING ITWIRE TV

iTWire TV offers a unique value to the Tech Sector by providing a range of video interviews, news, views and reviews, and also provides the opportunity for vendors to promote your company and your marketing messages.

We work with you to develop the message and conduct the interview or product review in a safe and collaborative way. Unlike other Tech YouTube channels, we create a story around your message and post that on the homepage of ITWire, linking to your message.

In addition, your interview post message can be displayed in up to 7 different post displays on our the iTWire.com site to drive traffic and readers to your video content and downloads. This can be a significant Lead Generation opportunity for your business.

We also provide 3 videos in one recording/sitting if you require so that you have a series of videos to promote to your customers. Your sales team can add your emails to sales collateral and to the footer of their sales and marketing emails.

See the latest in Tech News, Views, Interviews, Reviews, Product Promos and Events. Plus funny videos from our readers and customers.

SEE WHAT'S ON ITWIRE TV NOW!

BACK TO HOME PAGE
Sam Varghese

Sam Varghese has been writing for iTWire since 2006, a year after the site came into existence. For nearly a decade thereafter, he wrote mostly about free and open source software, based on his own use of this genre of software. Since May 2016, he has been writing across many areas of technology. He has been a journalist for nearly 40 years in India (Indian Express and Deccan Herald), the UAE (Khaleej Times) and Australia (Daily Commercial News (now defunct) and The Age). His personal blog is titled Irregular Expression.

Share News tips for the iTWire Journalists? Your tip will be anonymous

VENDOR NEWS