Yahoo under scrutiny after latest hack, Verizon seeks new deal terms

By Greg Roumeliotis and Jessica Toonkel NEW YORK (Reuters) – Yahoo Inc came under renewed scrutiny by federal investigators and lawmakers on Thursday after disclosing the largest known data breach in history, prompting Verizon Communications Inc to demand better terms for its planned purchase of Yahoo's internet business. Verizon, which agreed to buy Yahoo's core internet business in July for $4.8 billion, is now trying to persuade Yahoo to amend the terms of the acquisition agreement to reflect the economic damage from the two hacks, according to people familiar with the matter. Asked about the status of the deal, a Yahoo spokesperson said: "We are confident in Yahoo’s value and we continue to work towards integration with Verizon." Verizon had already said in October it was reviewing the deal after September's breach disclosure.

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