Verizon may back out of Yahoo deal due to email snooping
The deal for Verizon to purchase struggling Yahoo became endangered thanks to reports of Yahoo spying on user email for the U.S. government, not to mention the lost data on 500 million accounts and a decline in revenue.
Earlier this month, Verizon publicly declared it was looking for a $1 billion discount on the original $4.8 billion it offered to purchase Yahoo. Verizon sought the discount because of Yahoo’s enormous data breach and because of reports that Yahoo was under a court order to scan emails for terrorist chatter, according to the New York Post.
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