Partner Peter S. Vogel, chair of the Firm’s internet, e-commerce and technology team, spoke with E-Commerce Times about Verizon’s hesitation to move forward with its acquisition of Yahoo. Verizon’s skepticism in moving forward comes in light of Yahoo’s recent disclosure of a massive 2014 data breach that affected approximately 500 million accounts.
“Verizon could conclude that Yahoo’s business was so badly damaged by the cyber intrusion that the value of the business is greatly diminished,” said Mr. Vogel. “If Yahoo disagrees, the deal could end at that point.”
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