After the merger with Verizon, Yahoo will say goodbye to the CEO and the now familiar name

11 January 2017
New information has become known about the deal between Verizon and Yahoo, concluded back in July 2016. As a result of their merger, Marissa Mayer will leave the position of CEO of the search giant. The same fate awaits David Philo - co-founder of Yahoo. And this is not all the changes awaiting the company.The fact is that after the close of the transaction, Yahoo will change its name to Altaba and will lose five people from the Board of Directors, the number of which will now be reduced to five. In addition, it is known that the search giant will become an investment company and retain its share in the Chinese marketplace Alibaba, as well as in the Japanese portal Yahoo! Japan. Recall that the deal between Verizon and Yahoo was concluded back in July 2016. The cost of the search giant was 4.8 billion dollars. It is possible that this figure could have been higher had it not been for the data leak discovered in 2016, which became one of the largest in history, affecting more than 500 million Yahoo users.