Notebookcheck

Yahoo's remains to be rebranded as Altaba

Yahoo's remains to become Altaba, the rest of the company now part of Verizon Wireless
Yahoo to become Altaba
Yahoo Japan and the company's stake in Alibaba are not going to Verizon and are considered to have an impressive value - around $35 billion. These key parts will soon be known as Altaba.

Working For Notebookcheck

Are you a loyal reader of notebookcheck? Are you a techie who knows how to write? Then join our Team!

Especially wanted:
Review Editor - 
Details here
News Editor - Details here
Russian Translator
 - Details here

Verizon Wireless announced its plans to acquired Yahoo's web business for almost $5 billion last summer. However, this does not mean Yahoo would entirely join Verizon. The parts to be included in this deal are the email service, the web portal, Yahoo's apps, but the company's stake in Alibaba and Yahoo Japan will remain independent.

The 15 percent ownership share of Alibaba and Yahoo Japan are currently considered to be worth around $35 billion. According to Liliputing, the new name "is reportedly a mix of “alternative” and “Alibaba,” which sort of makes sense since one of the key parts of Yahoo that Verizon is not acquiring is the company’s stake in Chinese eCommerce site Alibaba."

Considering the two major data breaches suffered by Yahoo's parts that are supposed to go to Verizon, the terms of the deal might change. In case everything goes on as planned, Yahoo's CEO Marissa Meyer and most of the company's board members are expected to step down.  

Source(s)

static version load dynamic
Loading Comments
Comment this article:
Discussion
> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2017 01 > Yahoo's remains to be rebranded as Altaba
Codrut Nistor, 2017-01-10 (Update: 2017-01-10)