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Yahoo! profit beats Wall Street estimates

Results provided an initial indication that the data breach has not led to a quick exodus of Yahoo! customers

Deborah M Todd & Anya George Tharakan  |  San Francisco 

Yahoo! reported better-than-expected quarterly adjusted profit on Tuesday, a boost for the beleaguered company whose deal to sell its core business to Verizon Communications has been shaken by a massive data breach. Verizon's general counsel said last week that the hack, which affected at least 500 million email accounts in 2014, could have a material impact, possibly allowing Verizon to withdraw from the $4.83-billion deal. Tuesday's results provided at least an initial indication that the data breach has not led to a quick exodus of Yahoo! customers, as some had feared. ...

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First Published: Wed, October 19 2016. 23:42 IST
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