The data associated with at least 500 million user accounts stolen could be ranked as the largest security breach ever from a single organization. The tech giant said that the attack was done by a "state-sponsored actor" because of its resemblance to previous massive hacks.
Yahoo has publicly announced the sale of its operations. However, the appeal of Yahoo is not improving and the values are forecast to deteriorate. With the losing revenues, buyers on the bidding spree such as Verizon Communication, And The Daily Mail might have apprehensions for the buy out.
Verizon Communications is preparing to make a bid for the web business of Yahoo, according to a Bloomberg report. A source with information about the matter said it also hopes to finalize its merger by putting an offer for a stake in the Japanese subsidiary of the internet search giant.
Yahoo has just set a bid deadline for investors who want to buy the company, according to a Monday report from The Wall Street Journal. The deadline is on April 11 when the search giant will entertain preliminary bids for its core business.
A new report has emerged that executives of Microsoft are discussing with private equity firms interested in buying Yahoo to tell them that the software company is willing to lend significant financial backing to their efforts.