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NY Times BITS Daily Report

The New York Times

Friday, October 14, 2016

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Yahoo’s headquarters in Sunnyvale, Calif.
Yahoo’s headquarters in Sunnyvale, Calif. John G. Mabanglo/European Pressphoto Agency

Daily Report

The aftereffects of an extensive hacking can linger for weeks and months — sometimes even years.
Yahoo is now experiencing that fallout. Late last month, the internet portal disclosed that the account information of at least 500 million users was stolen by hackers in 2014. The hacking was deemed the biggest known intrusion of one company’s computer network.
The situation was especially prickly for Yahoo because it is in the midst of selling its core business to Verizon Communications for $4.8 billion.
Now Verizon is using the hacking to rattle some cages. The giant telecom company’s top lawyer said on Thursday that the hacking had materially reduced the value of Yahoo, implying that Verizon may want to renegotiate the price at which it is acquiring the internet portal, writes Vindu Goel.
It is one move in a chess match that is no doubt going on behind the scenes between Verizon and Yahoo, and it illustrates how hackings can become a factor in a negotiation. Your move, Yahoo.
— Pui-Wing Tam
In a statement on Thursday, Yahoo said, “We are confident in Yahoo’s value and we continue to work towards integration with Verizon.”

Verizon Says Yahoo Hack Could Reopen $4.8 Billion Deal Talks

By VINDU GOEL AND NICOLE PERLROTH

Verizon’s top lawyer said the hacking of 500 million Yahoo email accounts, made public after the deal was announced, could justify reopening sale discussions.

A SoftBank store in Tokyo. The Japanese conglomerate has had success in investing in companies rather than buying them outright.

SoftBank and Saudi Arabia Partner to Form Giant Investment Fund

By MICHAEL J. DE LA MERCED

The fund, worth possibly $100 billion, would seek out promising technology companies worldwide.

A customer asking about returning a Galaxy Note 7 at a store in Seoul, South Korea, on Wednesday.

Samsung Predicts $3 Billion Hit to Future Profits After Pulling Galaxy Note 7

By CHOE SANG-HUN

The reduction in profits tied to cancellation of the model was expected to be in the mid-2 trillion won range in the October-December period, the company said.

Snap Inc., as Snapchat recently renamed itself, is expected to make a splashy market debut.

Snap’s I.P.O. Bankers Also Helped Bring Alibaba to Market

By MICHAEL J. DE LA MERCED

Snapchat’s parent has hired two of the banks that worked on the $25 billion market debut of the Alibaba Group, the biggest I.P.O. on record.

WHEELS
Connected Car services become contextual to the driver’s location and lifestyle.

One Day, Cars Will Connect With Your Fridge and Your Heartbeat

By JOHN R. QUAIN

Cars that direct drivers to appointments and stores — or even monitor the driver’s health — are coming, experts say.

 

TECH TIP

Making Sure You Record the Whole TV Show

By J. D. BIERSDORFER

Live events running long can mess up your video recordings, but you can use a few workarounds to make sure you get the end of that game or show.

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