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Email Hack Could Keep Verizon From Buying Yahoo

Or at least Verizon may want some of its money back

(Newser) - It seems Verizon might be reconsidering its agreement to pay $4.8 billion to acquire Yahoo after the latter revealed last month that 500 million of its email accounts had been hacked, Reuters reports. Verizon had signed a deal to buy Yahoo in July, but a clause in the agreement... More »

To Stave Off Exodus, Yahoo Blocks Email Forwarding

The timing is 'extremely suspicious'

(Newser) - Yahoo just made it harder for users to switch providers after some 500 million accounts were hacked and reports surfaced that the company perused user emails for the NSA . Users say the company disabled automatic email forwarding at the start of the month so that anyone hoping to send received... More »

Yahoo Exec Claims He Was Fired Because He Was Male

The hits just keep coming for Marissa Mayer's company

(Newser) - Embattled Yahoo CEO Marissa Mayer has been sued over allegations she deliberately favored women over men, the San Jose Mercury News reports. Scott Ard claims his 2015 firing from Yahoo's media department was motivated by his gender, and Meyer's wish to see more women in leadership positions within... More »

Yahoo Created Custom Surveillance Software for the NSA: Reuters

Chief Information Security Officer Alex Stamos left the company in protest: sources

(Newser) - Yahoo CEO Marissa Meyer secretly ordered email engineers to write surveillance software for the NSA, Reuters revealed today, citing information from three former Yahoo employees and another person aware of the events. The software was designed to analyze all incoming e-mail messages for a certain phrase or string of characters,... More »

What Yahoo Users Should Do After Biggest Hack Ever

Might be time for 2-step authentication if not in place already

(Newser) - Yahoo broke the news to half-a-billion users Thursday that hackers breached its system and thus might know their passwords, security questions, phone numbers, and dates of birth. Yes, that's a "b" as in billion, making this the largest data breach ever, notes CNET . The company is blaming "... More »

Yahoo: Actually, 500M Accounts Got Hacked

Breach is described as 'widespread and serious'

(Newser) - Yahoo is confirming what Recode describes as a "widespread and serious" data breach affecting 500 million users. Yahoo blames "state-sponsored actors" for the personal data that was stolen in 2014 but only recently discovered to have been stolen, the AP reports. Yahoo had previously been expected to confirm... More »

Huffington Post Loses Its Huffington

Arianna Huffington is launching a health-related venture soon

(Newser) - The Huffington Post will soon be without its namesake. Arianna Huffington is leaving the site she founded 11 years ago, reports the Wall Street Journal . The 66-year-old says she will devote all her time to a new health venture, Thrive Global, that launches in November. (Huffington of late has become... More »

Marissa Mayer Lashes Out at 'Gender-Charged' Reporting

'It's a shame'

(Newser) - Marissa Mayer says coverage of her four years at the helm of Yahoo has been "gender charged." "We all see the things that only plague women leaders, like articles that focus on their appearance, like Hillary Clinton sporting a new pantsuit," she tells the Financial Times ... More »

What the $4.83B Yahoo Deal Gets Verizon

A chance to stand a little taller among giants

(Newser) - In its confirmation of Verizon's purchase of Yahoo's web assets , announced Monday morning, the Wall Street Journal describes it as a "remarkable fall" for Yahoo, once valued at more than $125 billion and now plucked up for less than 4% of that—$4.83 billion in cash.... More »

Verizon to Buy Yahoo for $4.8B

An announcement is expected Monday

(Newser) - Verizon will acquire Yahoo—once valued at more than $125 billion—for $4.8 billion, a source tells the Wall Street Journal . An official announcement of the deal, which will end an auction process that began five months ago, is expected Monday. The WSJ calls the deal "a remarkable... More »

Buffett's Rare Tech Foray Gives Boost to Apple

Turns out the Oracle of Omaha owns $1B in Apple stock

(Newser) - Apple is having a good day, its stock rising about 3% after a slump blamed on slowing iPhone sales. The reason for the uptick? Look to Warren Buffett, whose Berkshire Hathaway company shrugged off a general aversion to tech stocks and disclosed a $1.1 billion stake in Apple, reports... More »

2 Big Names Join Forces in Bid to Buy Yahoo

Quicken Loans founder/Cleveland Cavaliers owner Dan Gilbert and Warren Buffett

(Newser) - The second round of bidding for Yahoo is underway, and a couple of bidders are getting an outsize amount of attention: what the New York Times terms the "unusual" pairing of Quicken Loans founder/Cleveland Cavaliers owner Dan Gilbert and Warren Buffett. (Though maybe not so unusual: CNBC reports the... More »

Yahoo's Marissa Mayer Could Get $55M Parachute

And shareholders aren't necessarily happy about it

(Newser) - Marissa Mayer has failed to stop Yahoo's downward spiral during more than three years with the company, so obviously the CEO is slated to receive a massive severance package worth $55 million, the AP reports. That information comes from a regulatory filing Friday and includes both stock and cash,... More »

Among Would-Be Yahoo Buyers, a Clear Front-Runner

Other contenders have been dropping out, sources say, leaving Verizon at the top

(Newser) - Monday is the deadline to submit preliminary bids to buy Yahoo, and interest hasn't been as strong as expected, sources say. Insiders tell the Wall Street Journal that Google parent company Alphabet, AT&T, Time, and Comcast are among those who have decided against putting in bids for the... More »

Bad News for Guy Tied for First in $50K NCAA Contest

He's doing really well in his bracket picks, except ... he forgot to choose a winner

(Newser) - Deadspin's "oh noooooo" is probably the best way to express the sad tale of James Kiki. The resident of Syracuse, NY—and refugee from South Sudan—decided to enter Yahoo's bracket contest for the NCAA basketball tournament, making his picks for the $50,000 grand prize,... More »

Activist Investor Wants to Scrub Entire Yahoo Board

Starboard says it's got 9 nominees to take over for floundering Internet company

(Newser) - Yahoo's entire board of directors should be swapped out, per an activist investor, and the AP reports that Starboard Value is going to nominate nine new board members Thursday, ratcheting up tensions between itself and the beleaguered Internet giant. The Wall Street Journal says it reviewed a letter from... More »

Ex-Yahoo Employee Says It's Biased Against Men

He's suing over his termination

(Newser) - A fired Yahoo employee is suing the tech company, claiming—among other things—that it discriminates against men, partially resulting in his termination, Ars Technica reports. According to the Los Angeles Times , Yahoo editorial director Gregory Anderson was told in 2014 that he was in the bottom 5% of employees... More »

Marissa Mayer Has Her Twins

Yahoo CEO gives birth

(Newser) - Marissa Mayer's "limited" maternity leave has begun: "Zack and I are excited to announce that our identical twin girls were born early this morning. Our whole family is doing great!" the Yahoo CEO tweeted Thursday. As Mashable notes, just yesterday Yahoo announced a big "turnaround... More »

Yahoo Dumps Plan to Sell Alibaba

Board moves instead to sell off core businesses

(Newser) - In something of an abrupt about-face, Yahoo is scrapping its original plan to spin off its prized stake in China's Alibaba Group and will instead break off the rest of its business into a new company. The change of heart announced Wednesday comes after Yahoo's board met last... More »

Yahoo May Sell Off What You Think of as Yahoo

'Wall Street Journal' reports board is considering 'core business' sale

(Newser) - Yahoo's board will meet later this week to discuss selling the company lock, stock, and Alibaba, sources tell the Wall Street Journal . The sources say that board members are worried about CEO Marissa Mayer's slow progress in turning the company around and are considering selling off Yahoo's... More »

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