Verizon (VZ) Stock Down, Mulls Options in $4.8 Billion Yahoo Deal - TheStreet

NEW YORK (TheStreet) -- Shares of Verizon (VZ) - Get Report were lower in mid-morning trading on Monday as the company considers how to proceed with its $4.8 billion deal with Yahoo (YHOO) following the massive Yahoo data breach announced last week, sources told the New York Post.

On Thursday, digital information company Yahoo revealed that more than 500 million user accounts were breached in 2014, with information like names, email addresses, birth dates and hashed passwords stolen.

Executives at Verizon, a New York-based telecom company, are upset they weren't notified of the breach earlier, sources said, the Post reports.

Verizon learned of the hack two days before Yahoo confirmed it to the public, although it is unclear if Yahoo knew of the issue before Verizon bid to purchase the company in July.

The company could look to exit the deal or renegotiate a price to buy Yahoo's core business, the sources added.

Shares of Yahoo were sliding in mid-morning trading today.

Separately, TheStreet Ratings objectively rated Verizon stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

TheStreet Ratings rated this stock as a "buy" with a ratings score of B.

The company's strengths can be seen in multiple areas, such as its solid stock price performance, expanding profit margins and notable return on equity. We feel its strengths outweigh the fact that the company has had sub par growth in net income.

You can view the full analysis from the report here: VZ

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