Yahoo’s investment assets, mainly stakes in China’s Alibaba and Yahoo Japan, will continue to operate under a new name: Altaba.
June 13, 2017
Yahoo has yodeled into the sunset: Verizon says today that it closed its $4.48 billion acquisition of the internet company’s operating businesses, and that Yahoo CEO Marissa Mayer has left.
Yahoo’s assets have been blended with the telco’s AOL to forge a media subsidiary it calls Oath. It includes HuffPost, Yahoo Sports, AOL.com, Makers, Tumblr, Build Studios, Yahoo Finance, and Yahoo Mail.