I'm sure you already know that 2016 was a terrible year for Yahoo. Its main troubles came in the form of two massive data breaches that actually happened a couple years prior but wasn't reported until last year.
Well, the new year isn't starting off kindly for the tech giant. The company has a deal in place to be acquired for nearly $5 billion, and that is now in jeopardy.
Verizon announced last year that it was purchasing Yahoo's core business for $4.83 billion. There has been speculation since the huge data breaches were reported that the deal would fall through. Now, a top Verizon executive is giving credibility to that speculation.
President of product innovation and new businesses at Verizon, Marni Walden, said this week, "I can't sit here today and say with confidence one way or another because we still don't know." Walden made the comments after being asked if Verizon intended to proceed with the deal.
She also said that the merits of the deal still make sense, but there are certain aspects of the data breach investigation that are not complete.
Why this is bad news for Yahoo customers
If you're still using Yahoo services, this is not good news. The prospect of having Verizon take over Yahoo brings hope that its security system will be brought up to speed.
It's obvious that Yahoo does not have adequate digital security. If this deal falls through, it will more than likely continue to put its customers' information at risk.
The most recently reported data breach impacted over 1 billion user accounts, which was almost every Yahoo customer worldwide. Yahoo Mail customers weren't the only ones affected. People using these other Yahoo-owned services could have also had their information stolen:
- Flickr - A photo sharing site
- Tumblr - A blogging service
- Yahoo Sports - This is used to play fantasy sports such as football, baseball, basketball and more
- Yahoo Smart TV apps - These apps are usually associated with Vizio and Samsung brand smart TVs
- Yahoo-branded services - For example, Yahoo Messenger, Yahoo Shopping, Yahoo Music, etc.
If the deal with Verizon doesn't happen, you might want to think about closing your accounts associated with Yahoo. Click here to find out how to close any of these accounts.
We will stay on top of this story for any further developments. Keep checking in with our Happening Now section for updates.