Yahoo! deal delayed due to investigation of company server hacks

The deal between Verizon and Yahoo! postponed for the time of the investigation into the hacking of the servers of the latter, reports Reuters . To reassure investors - the amount of the transaction is $ 4.8 billion - companies promise to complete the purchase in the second quarter of this year.

An investigation into the hacking of about a billion Yahoo! to be completed in the first quarter of 2017. Also Yahoo! reported that she spent almost $ 10 million on auditing and investigating burglaries that occurred in 2013 and 2014.

Verizon’s primary goal with Yahoo! - obtaining intellectual property of the company and its customer base. In this case, a series of hacking servers Yahoo! From time to time, reduced the value of the company, and the lack of information about their consequences puts the entire sale procedure in question.
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Yahoo! in September of this year, officially confirmed the hacking of at least 500 million of their accounts (the hacking dates back to 2014). In December, the deal with Verizon almost fell through . As a result, Yahoo! They sell for $ 4.8 billion, which, taking into account all assets and real estate, is almost 8 times lower than the company's market capitalization.

If the deal goes through, Marisa Meyer will leave the post of executive director of the company, while receiving substantial compensation. Five more members of the board of directors of the company will leave with her, including the co-founder of Yahoo! David Filo. The existence of Yahoo! will also be terminated: Veziron and Yahoo! form the holding Altaba Inc.

In 2000, the cost of Yahoo! amounted to $ 125 billion, in 2007 Microsoft intended to buy the company for $ 44 billion, but, contrary to the opinion of shareholders, the proposal of the software giant was rejected by the founder and first executive director of the company, Jeffrey Young.