Verizon is reportedly thinking about exiting Yahoo deal

Similar reports surfaced after Yahoo revealed first hack in September.
 By 
Kerry Flynn
 on 
Verizon is reportedly thinking about exiting Yahoo deal
Credit: getty images

Is it Groundhog Day? Verizon is once again reconsidering an acquisition of Yahoo, Bloomberg reported Thursday.

The news, cited from one anonymous source familiar with the situation, comes a day after Yahoo reported a massive hack affecting more than one billion of the site's users. Verizon agreed back in July to acquire Yahoo's core business for $4.83 billion, but the deal has yet to close.

According to Bloomberg, Verizon is considering a price cut or completely nixing the deal. A team led by Verizon General Counsel Craig Silliman is looking into the legal ramifications of the deal if Verizon does indeed acquire the company's assets.

Similar reports surfaced after Yahoo revealed in September a breach of at least 500 million Yahoo accounts.

"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. If they believe that it's not then they'll need to show us that," Silliman said back in October.

The two hacks are likely separate, according to Yahoo.

"As we’ve said all along, we will evaluate the situation as Yahoo continues its investigation. We will review the impact of this new development before reaching any final conclusions," Verizon said in a statement Wednesday.

Verizon declined to comment any further on the matter.

"We are confident in Yahoo’s value and we continue to work towards integration with Verizon," a Yahoo spokesperson told Mashable.

Topics Verizon Yahoo

Mashable Image
Kerry Flynn

Kerry Flynn is a business reporter for Mashable covering the tech industry. She previously reported on social media companies, mobile apps and startups for International Business Times. She has also written for The Huffington Post, Forbes and Money magazine. Kerry studied environmental science and economics at Harvard College, where she led The Harvard Crimson's metro news and design teams and played mellophone in the Band. When not listening to startup pitches, she runs half-marathons, plays with puppies and pretends to like craft beer.

Mashable Potato

Recommended For You
Verizon, AT&T, T-Mobile outages reported: Which services are down right now
In this photo illustration, the logo of Verizon is seen displayed on the screen of a tablet

Verizon outage map: How to check your area
Hands hold a mobile phone

Yahoo's new AI search tools support the open web, unlike others (cough, Google, cough)
screenshot of yahoo scout homepage

Verizon outage: Why your phone says SOS, what we know so far
verizon logo on phone

Verizon breaks silence on massive outage. Here's what they said.
a person with an umbrella walks past a verizon store on a rainy day

Trending on Mashable
NYT Connections hints today: Clues, answers for April 3, 2026
Connections game on a smartphone

Wordle today: Answer, hints for April 3, 2026
Wordle game on a smartphone


NYT Connections hints today: Clues, answers for April 2, 2026
Connections game on a smartphone

What's new to streaming this week? (April 3, 2026)
A composite of images from film and TV streaming this week.
The biggest stories of the day delivered to your inbox.
These newsletters may contain advertising, deals, or affiliate links. By clicking Subscribe, you confirm you are 16+ and agree to our Terms of Use and Privacy Policy.
Thanks for signing up. See you at your inbox!