Yahoo is under renewed scrutiny after its second disclosure of breach within this year. The major hacking incidents the company has been involved in puts a risk on its deal with Verizon. Although Verizon has not confirmed any plans of ditching the purchase, reports indicated that the company is demanding for better deal terms for the acquisition.
Verizon is said to have threatened to go to court to get out of the deal if it is not repriced.
Yahoo disclosed a 2013 cyber security breach that may have stolen data from around one billion users worldwide. This is the second disclosure of the company about hackers' intrusion in their system. Yahoo announced a 2014 attack in September.
Yahoo believes that it has still value so it does not have to go down with Verizon.
Investment Heroes Report is giving highlights to the 25 companies. AT&T and Verizon is is still on ranked 1 and 2 for the fifth year straight.
Verizon was now pushing Yahoo for a $1 Billion off on its pending agreement.
Yahoo potential buyers only have until April 11 to submit their bid. Along with the proposed amount are details on how the purchase would be financed, conditions or approvals to be met and what important foundation to make by deciding to push through with a deal. Verizon and Time Inc. already shown interest to acquire Yahoo’s core business the past few months.
Time Inc. which owns Sports Illustrated and People magazine to name a few, expressed its interest in buying Yahoo. It said that it is interested too in Yahoo's core business which reaches more than 1 billion users across the globe aside from taking into consideration the Reverse Morris Trust. The magazine company will vie with other giant companies including Verizon and AT&T. core business
AT&T on Monday announced its intention to spend about $10 billion in order to provide its "integrated solutions" for enterprises globally. The company is also testing its 5G broadband services at enterprises and homes.
Following Verizon, AT&T announced on Friday to conduct field test of 5G network by the end of this year. The fifth generation of mobile network will offer data transfer speed beyond current capacity in 4G network.
Buying Yahoo seems to be a pretty good option for Verizon, as apparently wants to be an owner of all the old school internet portals. According to Reuters, Verizon Communications Inc is the No. 1 U.S. wireless carrier company. On December 7, its finance chief, Fran Shammo revealed that they have a deep interest in purchasing Yahoo Inc's core business.
Google teams up with Disney to launch a Star Wars virtual reality experience for Google's Cardboard headset. The virtual reality experience will launch on December 2 as part of celebrations of Lucasfilm's Star Wars: The Force Awakens which will be available on cinemas on December 17.
Verizon announces the resume of $20 activation fee whenever a customer adds a new line to their service. The fee would be a one-time charge and will not be charged again on future bills.
T-Mobile now offers a new option for users to stream videos on their mobile devices without using up too much data allotment against their plans. The company's chief executive John Legere announced Tuesday the new video streaming plan that is called "Binge On" in a move that would hopefully attract more users to register in their network, according to Reuters.
Sprint Corp - a subsidiary of Japan Softbank- and one of the largest mobile services provider in the US is currently on the way to cutting costs in the midst of deploying marketing strategy to recover lost subscribers.
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