SAN FRANCISCO: Yahoo says its $4.8 billion deal to sell its core internet assets to US telecom titan Verizon has been delayed several months. It admitted another cyber attack in December, this one dating from 2013, affecting more than a billion users. “The bigger things are the breaches; those have Verizon reconsidering the deal,” analyst Rob Enderle of Enderle Group told Agence France-Presse. Mayer will quit the company’s board after its merger with Verizon, according to an SEC filing, though she is expected to remain with the core Yahoo business. Yahoo is selling its main operating business as a way to separate that from its more valuable stake in Chinese internet giant Alibaba.

Source: Manila Times January 24, 2017 03:25 UTC