Dec 15 Yahoo Inc's shares fell as much
as 3.8 percent on Thursday, a day after the company said that
more than 1 billion user accounts were compromised in a security
breach in August 2013.
The number of users affected by the breach, the largest in
history, was double the number implicated in a prior 2014 breach
that Yahoo had disclosed in September.
Verizon, which has agreed to buy Yahoo's core Internet
business for $4.83 billion, had said at the time that it might
withdraw from the deal.
The No. 1 U.S. wireless carrier said on Wednesday that it
would review the impact of the latest development.
"The prior breaches were not seen to have an effect on the
Verizon deal, so I would say that this is not going to have an
effect either because its just something that is understood, it
has to be addressed," Tigress Financial Partner analyst Ivan
Up to Wednesday's close, Yahoo's stock had fallen more than
7 percent since the first breach was announced in September.
(Reporting by Narottam Medhora in Bengaluru; Editing by