Verizon Archive

After being outed for massive hack and installing an NSA "rootkit," Yahoo cancels earnings call

What do you do if your ailing internet giant has been outed for losing, and then keeping silent about, 500 million user accounts, then letting American spy agencies install a rootkit on its mail service, possibly scuttling its impending, hail-mary acquisition by a risk-averse, old economy phone company? Just cancel your investor call and with it, any chance of awkward, on-the-record questions. (via /.)  …

Report: Verizon wants $1 billion discount after Yahoo privacy concerns

It’s bad news for Yahoo. The company is in the midst of finalizing its sale to Verizon, but recent revelations about hacking and spying may be costing them a pretty penny. A story from the New York Post alleges that Verizon is now asking Yahoo for a hefty $1 billion discount to finalize what was supposed to be a $4.8 billion deal.  (Full disclosure: TechCrunch is …

How to tell if your small company needs to expand through acquisitions

The market for mergers and acquisitions, particularly in software, is red-hot: Big private-equity firms, flush with cash, did 170 software deals worth $27.22 billion in the first half of 2016 alone. Beleaguered Yahoo was scooped up by Verizon for $4.8 billion; Microsoft announced a blockbuster $26 billion purchase of professional-networking site LinkedIn. That deal prompted waves of speculation about just how Microsoft will leverage LinkedIn’s treasure …