Verizon warns it may walk away from $4.8bn Yahoo deal

Yahoo suitor Verizon has warned it may walk away from the $4.8bn buy-out amidst the ongoing fall-out of a huge data breach suffered by the internet business -potentially the largest yet recorded.
In a statement the telecoms firm warned that the breach, which affected some 500m users may have a ‘material’ impact on the outcome of that deal – either in the form of a reduced price or even see it walk away altogether.
Verizon’s legal representative at the discussions, Craig S