Yahoo to rename itself Altaba, CEO Mayer to leave board after Verizon deal

Yahoo Email Logo

Yahoo Email Logo. Photo: Yahoo Inc.

PanARMENIAN.Net – Yahoo Inc (YHOO.O) said Monday, Jan. 9 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 (VZ.N), Reuters reports.

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.

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