Jan 23, 2017

Yahoo-Verizon deal isn't done yet

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.

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George Floyd updates

Protesters gather north of Lafayette Square near the White House during a demonstration against racism and police brutality, in Washington, D.C. on Saturday evening. Photo: Jose Luis Magana/AFP via Getty Images

Tens of thousands of demonstrators have been rallying in cities across the U.S. and around the world to protest the killing of George Floyd. Huge crowds assembled in Washington, D.C., Philadelphia and Chicago for full-day events on Saturday.

Why it matters: Twelve days of nationwide protest in the U.S. has built pressure for states to make changes on what kind of force law enforcement can use on civilians and prompted officials to review police conduct. A memorial service was held for Floyd in Raeford, North Carolina, near where he was born. Gov. Roy Cooper ordered all flags to fly at half-staff to honor him until sunset.

Updated 4 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 11:30 p.m. ET: 6,889,889 — Total deaths: 399,642 — Total recoveries — 3,085,326Map.
  2. U.S.: Total confirmed cases as of 11:30 p.m. ET: 1,920,061 — Total deaths: 109,802 — Total recoveries: 500,849 — Total tested: 19,778,873Map.
  3. Public health: Why the pandemic is hitting minorities harder — Coronavirus curve rises in FloridaHow racism threatens the response to the pandemic Some people are drinking and inhaling cleaning products in attempt to fight the virus.
  4. Tech: The pandemic is accelerating next-generation disease diagnostics — Robotics looks to copy software-as-a-service model.
  5. Business: Budgets busted by coronavirus make it harder for cities to address inequality Sports, film production in California to resume June 12 after 3-month hiatus.
  6. Education: Students and teachers flunked remote learning.
Updated 7 hours ago - World

In photos: People around the world rally against racism

Despite a ban on large gatherings implemented in response to the coronavirus pandemic, protesters rally against racism in front of the American Embassy in Paris on June 6. Photo: Julien Mattia/Anadolu Agency via Getty Images

Tens of thousands of people have continued to rally in cities across the world against racism and show their support this week for U.S. demonstrators protesting the death in police custody of George Floyd.

Why it matters: The tense situation in the U.S. has brought the discussion of racism and discrimination onto the global stage at a time when most of the world is consumed by the novel coronavirus.