Monday, January 9, 2017

Yahoo renamed ‘Altaba’ as CEO Marissa Mayer resigns


It's the end of an era: Yahoo as we know it is no more. While we already knew most of the venerable company was being sold to Verizon – a $4.8 billion purchase – the remainder of company today announced that it's renaming itself to 'Altaba,' according to TechCrunch. This is the portion of the company that maintains a 15 percent ownership of Alibaba and 35.5 percent stake in Yahoo Japan. Altaba will operate as an investment company from here on out. Most of Altaba's board is stepping down, and while there's a chance CEO Marissa Mayer may get a…

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