While information on the breach was reported to Yahoo's senior management and legal department, the company failed to properly investigate the incident or adequately consider whether the breach needed to be disclosed to investors. The company also kept its auditors and its outside lawyers in the dark. The breach was only disclosed publicly more than two years later, when Yahoo's operating business was being acquired by Verizon. Ultimately, because of that breach, Verizon lowered its purchase price for Yahoo by $350 million, representing a 7.25% discount.