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Yahoo not to hold quarterly earnings call or webcast
October 14, 2016 / 6:16 PM / a year ago

Yahoo not to hold quarterly earnings call or webcast

(Reuters) - Yahoo Inc said on Friday that it would not hold a call or webcast when it reports third-quarter results on Tuesday, citing its pending $4.83 billion deal with Verizon Communications Inc.

A man walks past a Yahoo logo during the Mobile World Congress in Barcelona, Spain, February 24, 2016. REUTERS/Albert Gea/File Photo

Last month, Yahoo disclosed a massive data breach in 2014 that affected at least 500 million of its email accounts.

Verizon’s general counsel said on Thursday that the company has a “reasonable basis” to believe the hack represents a material impact that could allow it to withdraw from the deal to buy the company.

Verizon reports results on Oct. 20.

Companies that are being acquired do not typically hold earnings calls with analysts.

Reporting by Anya George Tharakan in Bengaluru; Editing by Anil D'Silva

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