In a pair of documents filed with the U.S. Securities and Exchange Commission yesterday, Yahoo revealed that CEO Marissa Mayer will resign after core parts of her company are acquired by Verizon as expected sometime early this year. The unacquired pieces of Yahoo’s business will be renamed “Altaba” after the deal is completed, according to the filings.
Category: Yahoo! Japan
Yahoo to change name, trim board if Verizon deal gets done
Yahoo will adopt a new corporate identity and slash the size of its board if the proposed $4.8 billion sale of its digital services to Verizon Communications goes through. The company plans to change its name to Altaba Inc. after it turns over its email, websites, mobile apps and advertising tools to Verizon.
Marissa Mayer to resign from Yahoo after Verizon acquisition is completed
Yahoo CEO Marissa Mayer will resign from the board of the rump of Yahoo when Verizon finally completes its acquisition of the company’s web portal, search engine, email service and news services. Verizon will merge the Yahoo-branded web properties with AOL, which includes advertising sales platforms and websites such as The Huffington Post , TechCrunch and Engadget .
Yahoo to change name to Altaba, CEO Marissa Mayer will resign if Verizon deal gets done
Yahoo will adopt a new corporate identity and slash the size of its board if the proposed $4.8 billion sale of its digital services to Verizon Communications goes through. The company plans to change its name to Altaba Inc. after it turns over its email, websites, mobile apps and advertising tools to Verizon.
Yahoo to change name, trim board if Verizon deal gets done new
The company plans to change its name to Altaba Inc. after it turns over its email, websites, mobile apps and advertising tools to Verizon. The new name is meant to reflect Yahoo’s transformation into a holding company for investments in China’s e-commerce leader, Alibaba Group, and Yahoo Japan that are worth about more than $40 billion combined.
Top StoryYahoo to change name, trim board if Verizon deal gets done
The company plans to change its name to Altaba Inc. after it turns over its email, websites, mobile apps and advertising tools to Verizon. The new name is meant to reflect Yahoo’s transformation into a holding company for investments in China’s e-commerce leader, Alibaba Group, and Yahoo Japan that are worth about more than $40 billion combined.