Tag: cold feet

Verizon getting cold feet about Yahoo

coldfeet191115Telco Verizon, which was thinking about buying the troubled search engine outfit Yahoo, is getting cold feet.

The deal was all set to go through and then Yahoo was hit by a couple of security scandals including a suppressed data leak which stripped value from the company.

Marni Walden, president of product innovation and new businesses, who is a senior executive of Verizon said that she could not sit “sit here today and say with confidence one way or another because we still don’t know.”

If it wants to get out of the deal, Verizon likely will have to show the overall value of Yahoo has declined as a result of the two hacking disclosures.

“I have to have certain facts in order to be able to make a decision. There’s a lot of stuff we don’t know.”

If only there was a good search engine where you could look up the information you need on that Internet thingee.