Deadline – Verizon Wraps Acquisition Of Yahoo As Marissa Mayer Resigns

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,, Makers, Tumblr, Build Studios, Yahoo Finance, and Yahoo Mail.

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