Not so easy for Verizon to walk away from its US$4.8b Yahoo deal

New York

IT'S time that we stopped beating up on Yahoo.

With the recent disclosure of another hacking of Yahoo, one potentially affecting more than one billion accounts, Verizon Communications has reiterated that it might seek to renegotiate its US$4.8 billion deal to acquire the beleaguered Internet company. There is speculation that the company may even try to walk away from the deal.