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Archive for the ‘yahoo’ Category

US telecom giant Verizon and Yahoo have announced that they have agreed to cut $350m (£280m) from the originally agreed price to acquire the internet company’s core business following two massive cyberattacks. Under the new deal, Verizon said it will now buy Yahoo for $4.48bn (£3.6bn) and agreed to share the cost of legal and regulatory liabilities related to the breaches.

In July last year, Verizon signed a deal to acquire Yahoo for $4.85bn. However, the closing of the deal was delayed after Yahoo disclosed a massive data breach, which occurred in 2014 and compromised at least 500 million users’ personal information, in September.

 

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Online search and advertising company Yahoo Inc’s board plans to weigh the potential sale of its Internet business when it meets Wednesday through Friday, The Wall Street Journal reported on Tuesday

The company’s shares were up 5.2 pct at $35.45 in extended trading.

People familiar with the matter told the newspaper that the board was expected to discuss whether to proceed with a plan to spin off more than $30 billion in shares of Alibaba Holding Group Ltd or find a buyer for its core business of web properties or both.

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If it’s too hard to remember your email password, Yahoo will just make one up for you.

Finding the right level of online safety has always meant striking a balance between security and convenience, but Yahoo may have tipped the scales too far with its trial of SMS-only passwords.

After a number of high-profile security breaches, many online services now offer the option of two-factor authentication. When you try to login from a new device for the first time, you’re asked to enter both your password and a secondary code which is sent to you as an SMS (or else is generated by a mobile app).

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Yahoo will supplant Google’s search engine on Firefox’s Web browser in the US, signalling Yahoo’s resolve to regain some of the ground that it has lost in the most lucrative part of the Internet’s ad market.

The five-year alliance announced Wednesday will end a decade-old partnership in the US between Google and the Mozilla Foundation, which oversees the Firefox browser. The tensions between Google and Mozilla had been rising since Google’s introduction of the Chrome browser in 2008 began to undercut Firefox. Google’s current contract with Mozilla expires at the end of this month, opening an opportunity for Yahoo to pounce.

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