Verizon last week indicated that its US$4.8 billion acquisition of Yahoo could be in jeopardy in light of the company's delay in disclosing a massive 2014 data breach that compromised about 500 million account holders.
Verizon may need some additional assurances about the effects of the breach, suggested General Counsel Craig Silliman at an event in Washington, D.C.
"I think we have a reasonable basis to believe right now that the impact is material, and we're looking to Yahoo to demonstrate to us the full impact," he said. "If they believe that it's not, then they'll need to show us that."
Those comments followed an earlier New York Post report that Verizon had demanded a $1 billion discount on the acquisition price after Yahoo disclosed the extent of the data breach, which was kept under wraps for months after its discovery.
