Yahoo’s overall business in the quarter exceeded Wall Street’s expectations, and the stock rose more than 1% in after-hours trading. San Fracisco: If Verizon Communications really wants to renegotiate its $4.8 billion deal to buy Yahoo’s internet operations, it’s probably going to have a fight on its hands. That appears to contradict Verizon’s assertion last week that the damage to Yahoo’s business from the breach could’ve been severe enough to set off a provision in the sale agreement that would allow Verizon to reopen the deal. “We take deep responsibility in protecting our users and the security of their information,” Yahoo’s chief executive, Marissa Mayer, said in a statement reporting the company’s third-quarter financial results. Citing the pending Verizon deal, Yahoo did not hold its customary conference call with investors to discuss the results.

Source: Mint October 19, 2016 19:52 UTC