Items tagged with altaba

By now you might have heard that Yahoo is changing its name to Altaba following its sale to Verizon Communications, and that Yahoo CEO Marissa Mayer is stepping down from the company's board of directors. News of Yahoo's fate spread like wildfire last night after Yahoo posted a filing with the United States Securities and Exchange Commission (SEC) detailing the changes, though there are a few things that need clarifying. One of them is that Yahoo probably is not going to disappear.Let's back up a moment. Verizon agreed to purchase Yahoo's search engine and web properties for $4.83 billion back in July of 2015. Not included in the pending deal are the investments that Yahoo's shareholders made,... Read more...