Partner Peter S. Vogel, chair of the Firm’s internet, e-commerce and technology team, spoke with E-Commerce Times about Verizon’s hesitation to move forward with its acquisition of Yahoo. Verizon’s skepticism in moving forward comes in light of Yahoo’s recent disclosure of a massive 2014 data breach that affected approximately 500 million accounts.
“Verizon could conclude that Yahoo’s business was so badly damaged by the cyber intrusion that the value of the business is greatly diminished,” said Mr. Vogel. “If Yahoo disagrees, the deal could end at that point.”
The full article can be accessed here.
Related News
25 July 2024
In the News
Donald Schroeder on Groff – ‘Supreme Court decision is inviting a more fact-based analysis’
Foley & Lardner LLP partner Donald Schroeder assessed the impact of the U.S. Supreme Court’s 2023 decision in a religious accommodation case as it returns to the district court in the Law360 article, “A Year After High Court Spotlight, Groff Case Still A Bellwether.”
24 July 2024
In the News
Louis Lehot Featured in Q&A on How Startups Can Prepare for IPO
Foley & Lardner LLP partner Louis Lehot features in the Q&A, "How startups can get in top shape for an IPO, according to Silicon Valley lawyer Louis Lehot," part of Business Insider's Road to IPO' series.
24 July 2024
In the News
Courtenay Brinckerhoff on Patent Cap in Drug Pricing – ‘Hard to predict if this will make a difference’
Foley & Lardner LLP partner Courtenay Brinckerhoff discussed a recent bill passed in the U.S. Senate aimed at lowering drug prices by limiting the number of patents that can be asserted in cases over biosimilars in the Law360 article, “Patent Cap In Drug Pricing Bill Seen As Having Muted Effect.”