June marked the anniversary of the Verizon and Yahoo! deal — not that there was anything to celebrate. No company wants an acquisition to end up the way Yahoo! did for Verizon. The massive breach of every single Yahoo! account — over 3 billion in all — contributed to the significant devaluation of Yahoo! for Oath, the subsidiary of Verizon that made the purchase. This devaluation amounted to a writedown of almost $5 billion after the original acquisition price of under $4.5 billion. Talk about adding insult to injury.
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