Sign up for our daily briefing
Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.
Stay on top of the latest market trends
Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.
Sports news worthy of your time
Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.
Tech news worthy of your time
Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.
Get the inside stories
Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Want a daily digest of the top Denver news?
Get a daily digest of the most important stories affecting your hometown with Axios Denver
Want a daily digest of the top Des Moines news?
Get a daily digest of the most important stories affecting your hometown with Axios Des Moines
Want a daily digest of the top Twin Cities news?
Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities
Want a daily digest of the top Tampa Bay news?
Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay
Want a daily digest of the top Charlotte news?
Get a daily digest of the most important stories affecting your hometown with Axios Charlotte
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.
- Just earlier this month, Verizon executive vice president Marni Walden said that she's just not sure yet what the company will ultimately decide to do.
- Yahoo is also reportedly under SEC investigation over whether it erred in how it disclosed the breaches to investors.