Yahoo Not to Hold Q3 Earnings Call or Webcast

Yahoo Not to Hold Q3 Earnings Call or Webcast
Advertisement

Yahoo Inc said on Friday that it would not hold a call or webcast when it reports third-quarter results on Tuesday, citing its pending $4.83 billion deal with Verizon Communications Inc. Last month, Yahoo disclosed a massive data breach in 2014 that affected at least 500 million of its email accounts.

(Also see:  Yahoo Hack Could Affect $4.83 Billion Buyout Deal, Says Verizon)

Verizon's general counsel said on Thursday that the company has a "reasonable basis" to believe the hack represents a material impact that could allowit to withdraw from the deal to buy the company.

Verizon reports results on October 20. Companies that are being acquired do not typically hold earnings calls with analysts.

© Thomson Reuters 2016

Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Further reading: Yahoo, Internet, Marissa Mayer, Verizon
Samsung Galaxy S7, Galaxy S7 Edge Update Reportedly Brings Select Note 7 Features
Share on Facebook Gadgets360 Twitter Share Tweet Snapchat Share Reddit Comment google-newsGoogle News
 
 

Advertisement

Follow Us

Advertisement

© Copyright Red Pixels Ventures Limited 2024. All rights reserved.
Trending Products »
Latest Tech News »