(Corrects name to Verizon Communications Inc)
WASHINGTON Oct 13 Verizon Communications Inc
general counsel, Craig Silliman, said on Thursday the
company has a "reasonable basis" to believe that Yahoo Inc's
massive data breach of at least 500 million email
accounts represents a material impact that could allow Verizon
to withdraw from its $4.83 billion deal to buy Yahoo.
Silliman told reporters that the data breach could trigger a
clause that could allow Verizon to withdraw from the deal. "I
think we have a reasonable basis to believe right now that the
impact is material and we're looking to Yahoo to demonstrate to
us the full impact. If they believe that it's not then they'll
need to show us that," he said, declining to comment on whether
talks are under way to renegotiate the purchase price.
(Reporting by David Shepardson; Editing by Leslie Adler)