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Yahoo To Be Named Altaba, Mayer To Leave Board After Verizon Deal


Ron Burgundy
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File photo of Yahoo CEO Marissa Mayer delivering her keynote address at the annual Consumer Electronics Show (CES) in Las Vegas(Reuters) - Yahoo Inc said Monday that it would rename itself Altaba Inc and Chief Executive Officer Marissa Mayer would step down from the board after the closing of its deal with Verizon Communications Inc . Yahoo has a deal to sell its core internet business, which includes its digital advertising, email and media assets, to Verizon for $4.83 billion. Verizon executives have said that while they see a strong strategic fit with Yahoo, they are still investigating the data breaches.




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