http://www.reuters.com/article/us-yahoo-m-a-verizon-idUSKBN14T2I7
>Yahoo Inc said Monday that it would rename itself Altaba Inc and Chief Executive Officer Marissa Mayer would step down from the board after the closing of its deal with Verizon Communications Inc.
>Yahoo has a deal to sell its core internet business, which includes its digital advertising, email and media assets, to Verizon for $4.83 billion.
>The terms of that deal could be amended - or the transaction may even be called off - after Yahoo last year disclosed two separate data breaches; one involving some 500 million customer accounts and the second involving over a billion.
>Verizon executives have said that while they see a strong strategic fit with Yahoo, they are still investigating the data breaches.
>Five other Yahoo directors would also resign after the deal closes, Yahoo said in a regulatory filing on Monday.
>The remaining directors will govern Altaba, a holding company whose primary assets will be a 15 percent stake in Chinese e-commerce company Alibaba Group Holding Ltd and 35.5 percent stake in Yahoo Japan.
>The new company also named Eric Brandt chairman of the board, effective Jan. 9.
so progressive!
Threadly reminder, these people own Tumblr.
>>98524
Alt-aba or Al-taba?
>>98527
what's progressive? how is that even relevant?
>>98571
I wish I knew the answer to this.
>>98593
I remember using yahoo email. Every week i'd login to find some new bullshit that doesn't improve functionality in any way.
So this news was no surprise.
>>98593
Yeah, she was pregnant and entered a crazy "nesting" phase, turning the corporate offices into a massive baby friendly daycare.
>>98571
alernate alibaba since it exists solely to hold the alibaba stock yahoo lucked out on years ago
>>98524
Terrible.
Are they actually trying to shipwreck their company ?
>>98524
same with Yahoo! Japan? it's the only Yahoo worth a damn anymore anyway