Yahoo's remains to be rebranded as Altaba
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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.
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