It’s official: Verizon owns Yahoo! Marissa Mayer resigns

Verizon Communications Inc. today completed its acquisition of the operating business of Yahoo! Inc. Verizon has combined these assets with its existing AOL business to create a new subsidiary, Oath, a diverse house of more than 50 media and technology brands that engages more than a billion people around the world. The Oath portfolio includes HuffPost, Yahoo Sports,, MAKERS, Tumblr, BUILD Studios, Yahoo Finance, Yahoo Mail and more, with a mission to build brands people love. Marni Walden, Verizon president of Media and Telematics, said in a statement, “The close of this transaction represents a critical step in growing Click Here to Read more

Verizon is kicking the Yahoo! and AOL names to the curb

Well, it seems that Verizon is sick of both AOL and Yahoo! as it finalizes the purchase of Yahoo! Thanks to security breachs of gargantuan proportions, Yahoo has lost a ton of value — and the company was struggling even when Verizon announced its intentions to buy the former internet juggernaut. Part of the value lost is in the Yahoo brand, which Verizon apparently considers toxic at this point. To that end, Verizon is changing the name of the combined Yahoo and AOL company. Business Insider first reoprted that”Oath” will be the new name of the company. Minutes after we Click Here to Read more

Yahoo! faces U.S. SEC Probe into data breaches

“U.S. authorities are investigating whether Yahoo Inc.’s two massive data breaches should have been reported sooner to investors, according to people familiar with the matter, in what could prove to be a major test in defining when a company is required to disclose a hack,” Runa Viswanatha and Robert McMillan report for The Wall Street Journal. “The Securities and Exchange Commission has opened an investigation, and in December issued requests for documents, as it looks into whether the tech company’s disclosures about the cyberattacks complied with civil securities laws, the people said,” Viswanatha and McMillan report. “The SEC requires companies Click Here to Read more

Marissa Mayer will resign as CEO of Yahoo! Yahoo! to be renamed

Marissa Mayer will resign from Yahoo’s board of directors and the company itself will be renamed Altaba Inc., according to documents filed with the SEC today. The documents state that following the close of Yahoo’s $4.8 billion sale to Verizon—which, by the way, is still up in the air—Mayer and several other members of the board will resign. The filing also take pains to emphasize that the departures are not “due to any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.” Besides Mayer, David Filo, Eddy Hartenstein, Richard Hill, Jane Shaw, and Maynard Webb all plan to resign Click Here to Read more