Marissa Mayer has resigned after the acquisition finally closed for a price tag of $4.5 billion. The remaining Yahoo business becomes Altaba and carries on as a publicly traded investment company.
Yahoo's long history has finally reached its last destination. Earlier this week, Verizon announced that the $4.5 billion acquisition of the company's core business is complete. Since the acquisition is now over, the company's CEO has decided to step aside, so it is not a surprise that Marissa Mayer chose to resign.
About a year ago, Verizon announced its plans to take over Yahoo's core business for $4.83 billion in cash. Back then, Marissa Mayer was expected to keep her position. Sadly, the massive cyberattacks that exposed more than a billion accounts came, so the two parties agreed to decrease the price mentioned above by $350 million.
The Yahoo business not part of the deal is now Altaba and its CEO is Yahoo board member Thomas McInerney. The core business controlled now by Verizon has been merged with AOL and rebranded as Oath. Sadly, the whole deal is also expected to have a severe impact on Yahoo's workforce - more than 2,000 of the 14,000 Yahoo employees are supposed to lose their jobs soon.
Codrut Nistor - Senior Tech Writer - 6130 articles published on Notebookcheck since 2013
In my early school days, I hated writing and having to make up stories. A decade later, I started to enjoy it. Since then, I published a few offline articles and then I moved to the online space, where I contributed to major websites that are still present online as of 2021 such as Softpedia, Brothersoft, Download3000, but I also wrote for multiple blogs that have disappeared over the years. I've been riding with the Notebookcheck crew since 2013 and I am not planning to leave it anytime soon. In love with good mechanical keyboards, vinyl and tape sound, but also smartphones, streaming services, and digital art.
Deutsch
Español
Français
Italiano
Nederlands
Polski
Português
Русский
Türkçe
Svenska
Chinese
Magyar
