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Yahoo! Inc (YHOO.O)

YHOO.O on Nasdaq

26 May 2017
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Latest Key Developments (Source: Significant Developments)

Yahoo says Trump administration action related to LGBTQ community is "troubling"
Thursday, 23 Feb 2017 01:36pm EST 

Yahoo Inc :Says action related to LGBTQ community taken by Trump administration is "troubling and goes against all that we believe in".  Full Article

Yahoo under terms of SPA amendment, termination fee to be paid by Yahoo to Verizon in certain circumstances is reduced to $134.3 mln
Tuesday, 21 Feb 2017 09:39am EST 

Yahoo Inc :Yahoo - under terms of spa amendment termination fee to be paid by yahoo to verizon in certain circumstances is reduced to $134.3 million - sec filing.  Full Article

Verizon says to cut price to acquire Yahoo's operating business by $350 mln
Tuesday, 21 Feb 2017 08:00am EST 

Verizon : Verizon and Yahoo amend terms of definitive agreement . Says under amended terms, Verizon and Yahoo have agreed to reduce price Verizon will pay to acquire Yahoo's operating business by $350 million . Says Verizon and Yahoo will share certain legal and regulatory liabilities arising from certain data breaches incurred by Yahoo . Says Verizon's acquisition of Yahoo - now valued at approximately $4.48 billion in cash . Says liabilities arising from shareholder lawsuits and SEC investigations will continue to be responsibility of Yahoo . Says Yahoo to be responsible for 50 percent of any cash liabilities incurred following closing related to non-sec government investigations . Says Verizon's acquisition of Yahoo is expected to close in second-quarter 2017 . Says data breaches or losses arising from them will not be taken into account in determining whether a "business material adverse effect" has occured .Says Yahoo to be responsible for 50 percent of any cash liabilities incurred following deal closing related to third-party litigation related to breaches.  Full Article

Verizon, Yahoo agree to cut merger price by as much as $350 mln - CNBC, citing DJ
Tuesday, 21 Feb 2017 07:00am EST 

: Verizon, Yahoo agree to cut merger price by as much as $350 million - CNBC, citing DJ . Verizon, Yahoo agree to split future costs of data breaches- CNBC, citing DJ ((Bangalore.newsroom@thomsonreuters.com ;)).  Full Article

Verizon CFO says co has not reached any final conclusions on Yahoo deal
Tuesday, 24 Jan 2017 10:04am EST 

Verizon Communications Inc : Verizon CFO on yahoo deal- "we have not yet reached any final conclusions yet"- conf call . Verizon CFO says unlimited product is "not something we feel the need to do" at this point in time - conf call . Verizon CFO says co will "continue to look for opportunities to expand and grow the business"- conf call Further company coverage: [VZ.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Yahoo Inc board names Eric Brandt as chairman of boards
Monday, 9 Jan 2017 05:55pm EST 

Yahoo! Inc - : Board determined, effective January 9, Eric Brandt will become chairman of board and Maynard Webb will become chairman emeritus of board . Board made certain determinations with respect to size, composition following closing of sale of co's operating business to verizon . Board determined that, following deal closing, it intends to cause company's name to be changed to Altaba Inc . David Filo, Eddy Hartenstein, Richard Hill, Marissa Mayer, Jane Shaw, Maynard Webb has said that he or she intends to resign from board upon closing of deal .Board has determined that, immediately following closing of deal, size of board will be reduced to five directors.  Full Article

Yahoo updates on data breach incident
Wednesday, 9 Nov 2016 04:56pm EST 

Yahoo! Inc : Yahoo! Inc - On Nov 7, law enforcement authorities began sharing certain data that they indicated was provided by a hacker who claimed information was Yahoo user account data .Yahoo! Inc says co will, with assistance of its forensic experts, analyze and investigate the hacker’s claim that the data is Yahoo user account data.  Full Article

Verizon is pushing for a $1 bln discount off its pending $4.8 bln agreement to buy Yahoo - NY Post, citing several sources
Thursday, 6 Oct 2016 06:00pm EDT 

:Verizon is pushing for a $1 billion discount off its pending $4.8 billion agreement to buy Yahoo - NY Post, citing several sources.  Full Article

Yahoo is sued over big data breach
Friday, 23 Sep 2016 04:34pm EDT 

Yahoo : Is sued over data breach disclosed this week -- court filing . Lawsuit is filed with federal court in San Jose, California . Lawsuit says Yahoo committed gross negligence tied to 2014 theft of data associated with an estimated 500 million user accounts . Lawsuit seeks class action status and is led by ronald schwartz, a new yorker who says his personal information was stolen . Lawsuit seeks unspecified damages and other remedies.  Full Article

Yahoo says information associated with at least 500 mln user accounts stolen
Thursday, 22 Sep 2016 02:43pm EDT 

Yahoo Inc : An important message to yahoo users on security . Yahoo is notifying potentially affected users and has taken steps to secure their accounts . Yahoo Inc Says Investigation Has Found No Evidence That State Sponsored actor is currently in Yahoo's network . Yahoo is working closely with law enforcement on the matter . Yahoo Inc says "is also recommending that users who haven't changed their passwords since 2014 do so" . Steps to secure accounts include invalidating unencrypted security questions and answers so that they cannot be used to access an account . Steps to secure accounts also include asking potentially affected users to change their passwords . Account information stolen may have included names, email addresses, telephone numbers, dates of birth, hashed passwords . Yahoo Inc says Yahoo believes that information associated with at least 500 million user accounts was stolen . Recent investigation by yahoo has confirmed that a copy of certain user account information was stolen from network in late 2014 . Encourages users to review their online accounts for suspicious activity . Ongoing investigation suggests stolen information did not include unprotected passwords, payment card data, or bank account information . Encourages users to change their password and security questions and answers for any other accounts.  Full Article

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BRIEF-Verizon CEO says Yahoo deal expected to close around mid-June- JPM conference

* Verizon CEO Lowell McAdam at JPM conference- building fiber infrastructure better than the alternative of buying spectrum