Yahoo Inc. has had a tough run in the wake of the 2016 public disclosure of two massive data breaches that took years to disclose— one in 2014 that impacted at least 500 million customer email accounts and another in 2013 that affected more than one billion user accounts.
As a result, the company took a $350 million price cut in its planned acquisition by Verizon Communications Inc. and has paid $16 million in publicly reported expenses related to the incidents, including $11 million in nonrecurring legal costs.
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