After Verizon acquires Yahoo, ‘Altaba’ will be left behind

Photo of After Verizon acquires Yahoo, ‘Altaba’ will be left behind

Yahoo was hit with two major security breaches in recent years that affected well over 1 billion user accounts. The company only discovered and admitted they happened in the second half of 2016, months after Verizon announced it was looking to purchase Yahoo in a deal worth almost $5 billion. On top of that, it was revealed that Yahoo helped the US government in a massive spying operation that allowed it to search everyone’s email for specific terrorism-related content.

Reports following the hacks indicated the Verizon deal might be in danger, as Verizon investigated the financial impact of the security breaches. But the deal is still going forward, a SEC filing reveals. And Yahoo isn’t going away for good.

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