Jan 10, 2017

Yahoo changes

Contrary to some news reports on Monday, only the part of Yahoo that is not being sold to Verizon will be renamed “Altaba”.

In addition, Yahoo CEO Marissa Mayer is to step down from its board, but will continue to be CEO.

According to an SEC filing released today, that entity will, provided the Verizon deal goes through, be know as Altaba and Yahoo CEO Marissa Mayer, along with five other board members, will resign from its board.

The Yahoo-branded web portal, search engine, email service and news services will continue to exist but will be integrated with Verizon-owned AOL. The Yahoo brands, such as Yahoo Finance and Yahoo Sports, won’t go away, said an AOL spokeswoman in July.

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