Summary
This 8-K filing by Verizon Communications Inc. (VZ) primarily serves to incorporate by reference a press release issued by its subsidiary, Oath Inc., concerning a previously disclosed theft of Yahoo user data. The press release, dated October 3, 2017, addresses the ongoing implications of a data breach that Yahoo! Inc. had initially announced on December 14, 2016. While Verizon acquired Yahoo's core internet business through Oath, this filing does not introduce new financial information or material operational updates for Verizon itself, but rather provides context on a significant cybersecurity event impacting a business segment now under its umbrella.
Key Highlights
- 1Verizon's subsidiary, Oath Inc., issued a press release regarding a prior Yahoo user data theft.
- 2The event date and filing date are both October 3, 2017.
- 3The filing incorporates by reference a press release from Oath, Inc., attached as Exhibit 99.1.
- 4The press release addresses a Yahoo user data theft initially disclosed by Yahoo! Inc. on December 14, 2016.
- 5This 8-K is primarily informational, referencing a material event related to acquired assets (Yahoo's business).
- 6No new financial statements or other material business updates from Verizon are presented in this filing.
Frequently Asked Questions
The main purpose of this 8-K filing is to publicly disclose and incorporate by reference a press release issued by Oath Inc., Verizon's subsidiary, concerning the ongoing impact of a Yahoo user data theft that was previously disclosed by Yahoo! Inc.
No, this filing does not introduce new financial statements or material operational updates directly from Verizon. It focuses on an event related to the Yahoo business assets that Verizon acquired through its subsidiary, Oath Inc.
The Yahoo user data theft was originally disclosed by Yahoo! Inc. on December 14, 2016.
Oath Inc. is a subsidiary of Verizon Communications Inc. that was formed to house the digital and mobile businesses of Yahoo and AOL, which Verizon acquired.