Despite news of three major security fiascos, Verizon has confirmed its intention to proceed with its purchase of Yahoo albeit at $350 million below the company's former asking price.
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Verizon's planned Yahoo acquisition has been delayed for several months, while the SEC has opened an investigation over whether Yahoo failed to promptly disclose details of two massive data breaches.
After Yahoo disclosed details of another massive security breach this week, affecting up to a billion users, Verizon is said to be seriously considering if its $4.83bn acquisition is really worth it.
Verizon - which agreed to buy Yahoo's core business for $4.83bn - is 'evaluating' its interests, after Yahoo failed to mention its massive 2014 data breach, affecting 500m users, until this week.
Yahoo has announced that a wide range of data relating to over half a billion of its users was stolen in a security breach in 2014, blaming the intrusion on an unnamed "state-sponsored actor".
