Yahoo won't hold an earnings call next week as concerns grow over the Verizon deal

Yahoo won’t hold a call after it reports earnings Tuesday as the company continues to work on selling itself to Verizon, according to a statement.

“Due to the pending transaction with Verizon, Yahoo will not have an earnings call or webcast for its third quarter results,” the statement says.

The news comes a day after Verizon’s legal team said Yahoo’s unprecedented hak of at least 500 million accounts is a “material” event that could affect the acquisition. Verizon said the burden is on Yahoo to prove that the hack wasn’t a material event.

Verizon could use the hack to reduce the price of its $4.8 billion purchase of Yahoo or argue against buying Yahoo altogether.

Not holding an earnings call means Yahoo can avoid questions about the hack and the Verizon acquisition from analysts.

NOW WATCH: Yahoo just confirmed that hackers stole personal information from over 500 million users — here’s what they said

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