Investing.com – Yahoo (NASDAQ:YHOO) was expected to confirm on Thursday that hackers breached several hundred millions of user accounts, according to a report.
Earlier this summer, the internet portal announced that it was investigating a claim that a hacker known as “Peace” had uploaded 200 million Yahoo accounts to the underground market place called “The Real Deal” where they were on sale for approximately $1,824.
The technology news website Recode cited sources as saying that Yahoo would make the announcement this week.
These sources noted that the breach was widespread and serious but could not put a price tag on the damage since government investigations and legal action would likely form a part of the costs.
It was also unclear what effect, if any, the breach could have on Verizon's $4.8 billion purchase of Yahoo's core business. Though the deal is closed, both firms are awaiting regulatory approval.
While waiting for the U.S. market open, Yahoo closed prior to the news story with gains of 3.15% on Wednesday at $44.14.