Recode Daily: Verizon says Yahoo’s email hack could affect the acquisition deal


Verizon will need to be convinced that the breach hasn’t lowered Yahoo’s value.

Verizon said it has a “reasonable basis” to believe Yahoo’s massive email breach had a “material” impact on the tech firm’s value, which could allow Verizon to cancel or renegotiate its planned $4.8 billion acquisition. — [Washington Post]

HP plans to cut up to 4,000 jobs over the next three years as it deals with slumping demand in the printer and personal computer markets. HP expects the restructuring will produce annual savings of $200 million to $300 million starting in fiscal 2020. — [Wall Street Journal]

In another big bet on digital by a TV network, Discovery Communications is putting $100 million into a deal with the Thrillist Media Group, The Dodo and NowThis Media, all run or backed by members of the Lerer family. The investment creates a new company called Group Nine Media that’s valued at $550 million. — [Recode]

Looking to add higher-quality live video than smartphones can deliver, Twitter-owned Periscope introduced Periscope Producer, a way for broadcasters to stream video from more professional equipment. — [Recode]

On the latest episode of Too Embarrassed to Ask, Recode’s Ina Fried joins Kara Swisher and Lauren Goode to talk about the fallout from Samsung’s Galaxy Note 7 nightmare and what the company needs to do to regain consumers’ trust. — [Recode]

Top Stories From Recode

VMware is turning to rival Amazon AWS to power its new cloud service

It’s the latest coup for Amazon’s $10 billion AWS business.

Tesla rival Atieva’s first electric car looks a lot like a Model S

This is the first image of the Atvus sedan, which is expected to launch in December.

AT&T technicians use drones to test signal strength and find birds’ nests

Drones will be the new normal.

Twitter, not Facebook, will livestream BuzzFeed’s election night coverage

Twitter and BuzzFeed have a new streaming deal in place.

Code Enterprise: The new age of work is here with Dropbox, Facebook’s Workplace, Lyft and Uptake Technologies

We’ve said it once, we’ll say it again: The way we work is changing fast, and you need to pay attention.

Spy magazine inspired Gawker. Spy’s co-founder has mixed feelings about that.

“You can’t pick your descendants,” Kurt Andersen says.

Full transcript: Cowboy Ventures founder Aileen Lee on Recode Decode

Lee coined the term “unicorn” because it sounded less lame than “home run.”

This Is Cool

Here’s the latest “Rogue One” trailer

And a breakdown of all the clues hidden within.

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