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Magnus Höij / Flickr Creative Commons

Yahoo and Verizon haven't given up on the pending acquisition, but they're now expecting the deal to close in the second quarter of 2017 instead of the first, Yahoo said in its latest earnings report.

Though Yahoo blamed the delays on "work required to meet closing conditions" without adding more details, it's not hard to guess that its two recent security0breach disclosures (affecting 500 million and 1 billion accounts respectively) are likely the main reason. Following Yahoo's disclosures, rumors immediately circulated that Verizon would seek a discount on the $4.8 billion it originalyl offered to pay for Yahoo's Internet business.

Security update: Right now, Yahoo is likely working very hard to show that these breaches aren't all that bad and it can strengthen its defenses against future attacks. On that point, Yahoo said today that "90% of our daily active users have already taken or do not need to take remedial action to protect their accounts."

Uncertain future: While Yahoo is certainly behaving under the assumption that the deal will go through, Verizon may not be so sure.

Go deeper

Updated 2 hours ago - Politics & Policy

Key government agency says Biden transition can formally begin

General Services Administrator Emily Murphy. Photo: Alex Edelman/CNP/Getty Images

General Services Administrator Emily Murphy said in a letter to President-elect Joe Biden on Monday that she has determined the transition from the Trump administration can formally begin.

Why it matters: Murphy, a Trump appointee, had come under fire for delaying the so-called "ascertainment" and withholding the funds and information needed for the transition to begin while Trump's legal challenges played out.

Updated 3 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Vaccines: Key information about the effective COVID-19 vaccines — Oxford and AstraZeneca's vaccine won't just go to rich countries.
  2. Health: U.S. coronavirus hospitalizations keep breaking recordsWhy we're numb to 250,000 deaths.
  3. World: England to impose stricter regional systemU.S. hotspots far outpacing Europe's — Portugal to ban domestic travel for national holidays.
  4. Economy: The biggest pandemic labor market drags.
  5. Sports: Coronavirus precautions leave college basketball schedule in flux.

Michigan board certifies Biden's win

Poll workers count absentee ballots in Detroit, Michigan on Nov. 4. Photo: Salwan Georges/The Washington Post via Getty Images

The Michigan Board of State Canvassers certified the state's election results on Monday, making President-elect Joe Biden's win there official and granting him the state's 16 electoral votes.

Why it matters: Republican Party leaders had unsuccessfully appealed to delay the official certification, amid the Trump campaign's failed legal challenges in key swing states.

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