Partner Peter S. Vogel, chair of the Firm’s internet, e-commerce and technology team, recently spoke with E-Commerce Times on Yahoo’s plans to restructure its board and change its name following the sale of its business operations to Verizon.
However, Verizon has been hesitant to close the deal due to Yahoo’s recent disclosure of a massive 2014 data breach that affected approximately 500 million accounts.
“Verizon has the right to change the value or the terms of the transaction after learning about important problems,” said Mr. Vogel. “That’s true for any purchaser in a merger and acquisition.”
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