And in December it admitted to another cyber-attack from 2013 affecting more than a billion users. US Securities and Exchange Commission giant Verizon will combine AOL and Yahoo into a unit called Oath once its acquisition of the internet companies is complete, according to AOL CEO Marissa Mayer . The price Telecom is to pay for the company was written down by $350m to $4.48bn after Yahoo announced it had been hacked in 2013 and in 2013 . While Yahoo will continue to cover the cost of shareholder lawsuits and a US Securities and Exchange Commission probe into the breaches, other government investigations and third -party litigation will be shared with Verizon .
US Securities and Exchange Commission giant Verizon will combine AOL and Yahoo into a unit called Oath once its acquisition of the internet companies is complete, according to AOL CEO Marissa Mayer . The price Telecom is to pay for the company was written down by $350m to $4.48bn after Yahoo announced it had been hacked in 2013 and in 2013 . While Yahoo will continue to cover the cost of shareholder lawsuits and a US Securities and Exchange Commission probe into the breaches, other government investigations and third -party litigation will be shared with Verizon .