After Verizon acquisition, Yahoo will change its name to ‘Altaba’ |
![]() |
1 year ago |
![]() ![]() |
3521 pageviews 47 comments ![]() ![]() ![]() $1,409 | ![]() |
After Verizon acquisition, Yahoo will change its name to ‘Altaba’
To say Yahoo has had a rough go of it recently would be an understatement. While in the midst of an acquisition by Verizon, the company has faced a pair of massive data breaches, exposing the information of over 1 billion customers.
A new regulatory document filed today shows that Verizon’s acquisition of the company is moving closer to completion, while it also reveals that following the acquisition, Yahoo will change its name to Altaba and Marissa Mayer will step down. Verizon agreed to purchase Yahoo’s a.ssets and real estate for $4.8 billion last July. Following that acquisition, Yahoo’s investments in Alibaba Group and Yahoo Japan will remain, as will convertible notes and non-core patents. It’s those remaining parts that will operate as Altaba. Additionally, Altaba will operate as an investment company and the board will be reduced to five members: Tor Braham, Eric Brandt, Catherine Friedman, Thomas McInerney and Jeffrey Smith. Brandt will facilitate the transition and was named chairman today. CEO Marissa Mayer will step down from the company and joins five other directors in doing so. Others leaving include Maynard Webb, Yahoo co-founder David Filo, Eddy Hartenstein, Richard Hill, and Jane Shaw. Mayer of course was named CEO in 2012, coming over from Google. All of these changes will take place after Yahoo’s sale to Verizon is completed. It’s unclear when exactly that will be at this point though. Yahoo noted in the filing that the departures are “not due to any disagreement with the company on any matter relating to the company’s operations, policies, or practices.” Some have suggested that Verizon would back out of its acquisition of Yahoo after two high-profile data breaches. Last September, a hack exposed the personal data for 500 million Yahoo users. Three months later, the company again suffered a breach that exposed the data of 1 billion customers. Dropping the Yahoo name is an interesting move but one that likely won’t have a major effect on the industry. The company presumably hopes that it will salvage some of its reputation by moving away from the tainted Yahoo brand, though some have suggested that the name is all the company has going for it at this point. ![]() |
|
1 year ago |
![]() ![]() | ||
![]() ![]() ![]() $10,891 | ![]() |
![]() | ||
|
1 year ago |
![]() ![]() | ||
![]() ![]() $7,417 | ![]() |
Yeah the name Yahoo alone is basically a L.
If a nicca say I saw this on Yahoo ima a.ssume he washed up or got mental issues. Name change is in order ![]() | ||
|
1 year ago |
![]() ![]() | ||
![]() ![]() ![]() $6,247 | ![]() |
Netscape and ask jeeves>>
| ||
|
1 year ago |
![]() ![]() | ||
![]() ![]() ![]() $3,817 | ![]() |
![]() | ||
|
1 year ago |
![]() ![]() | ||
![]() ![]() ![]() $5,066 | ![]() |
so what happens to my yahoo email account
| ||
|
1 year ago |
![]() ![]() |
![]() ![]() $471 | ![]() |
I thought ATT already owned yahoo.. or maybe it was just their (SBC Global) division. Verizon already owns AOL
Last edited by doubleMlife; 01-10-2017 at 06:30 AM.. |
|
1 year ago |
![]() ![]() | ||
![]() ![]() ![]() $971 | ![]() |
| ||
|
1 year ago |
![]() ![]() | ||
![]() ![]() ![]() $1,628 | ![]() |
| ||
|
1 year ago |
![]() ![]() | ||
![]() ![]() ![]() $1,577 | ![]() |
Feel like their affiliated with Alt-rights movement
![]() | ||
|
1 year ago |
![]() ![]() | |
![]() ![]() ![]() $1,409 | ![]() |
| |
|
1 year ago |
![]() ![]() | |
![]() ![]() ![]() $19,070 | ![]() |
Read the article people, basically Verizon is not buying ALL of Yahoo. And the portion that they're not buying --- a 15 percent stake in Alibaba and a 35.5 percent stake in Yahoo Japan --- will be renamed to Altaba Inc, and go on as an investing company.
The Yahoo we all know, search, email etc will be owned by Verizon and will continue to be known as "Yahoo".
| |
|
1 year ago |
![]() ![]() |
![]() ![]() ![]() $468 | ![]() |
i still got my email account i made in the 9th grade that was back in 02
|
|
1 year ago |
![]() ![]() | ||
![]() ![]() ![]() $11,508 | ![]() |
Altaba sound like some
![]() ![]() | ||
|
1 year ago |
![]() ![]() |
![]() ![]() ![]() $15,572 | ![]() |
What email providers do you guys use besides Google?
|
|
|
|
|