ALTABA Inc TO REPLACE YAHOO Inc


Yahoo Inc  announced that it would rename itself Altaba Inc. The decision came after it closed its deal with Verizon Communications Inc. The deal would also lead to the stepping down of Marrisa Mayer its Chief Executive Officer from the board.
Yahoo, according to reports, has a deal to sell its core internet business which includes its digital advertizing, email and media assets to Verizon for $4.83 billion.

Read Also:4 Things You Don't Need For Gaming On Your PC

Reports has it that the terms of the deal could be amended or the transaction may even be called off- after Yahoo last revealed two separate data breaches; one involving some 500 million customer accounts and the second involving a billion.

Verizon said they are still investigating the breaches, but that added that they still see a strong strategic fit with Yahoo.

Read Also:Huawei P10 Rumors | Comes with a Curved Screen

In the new deal, five other Yahoo directors would also resign after the deal closes, Yahoo was quoted to have said in a regulatory filing. The remaining directors are said will govern Altaba, a holding company whose primary assets will be a 15 percent stake in Chinese e commerce company Alibaba Group Holding Ltd and 35. 5 percent stake in Yahoo Japan.

Eric Brandt is will be the new Chief Executive Officer in no time.

COMMENTS

Name

aroundtheworld,413,BBnaija,1,celebrity,54,crime,2,dubai,12,entertainment,446,fakepastor,1,featured,5,girls,3,goodnews,20,hurricane harvey,1,IPOB,1,jokes,29,kenyanstories,20,lifestyle,168,markangelcomedy,10,music,1,news,285,nigeriancivil,918,nnamdi kanu,5,p!nk,1,pink,1,smalldoctor,1,sports,3,stories,324,tasha cobbs,1,TSTV,1,video,10,
ltr
item
THE1960POST: ALTABA Inc TO REPLACE YAHOO Inc
ALTABA Inc TO REPLACE YAHOO Inc
Yahoo is Getting Sold
https://4.bp.blogspot.com/-7-xQ2rjGTCo/WHVJgUCpQvI/AAAAAAAAA9Q/8587Z12QIwQS37BOty5zq6on44WguhhEgCLcB/s640/yahoo.jpg
https://4.bp.blogspot.com/-7-xQ2rjGTCo/WHVJgUCpQvI/AAAAAAAAA9Q/8587Z12QIwQS37BOty5zq6on44WguhhEgCLcB/s72-c/yahoo.jpg
THE1960POST
https://www.the1960post.com/2017/01/altaba-inc-to-replace-yahoo-inc.html
https://www.the1960post.com/
https://www.the1960post.com/
https://www.the1960post.com/2017/01/altaba-inc-to-replace-yahoo-inc.html
true
6561016011439350438
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy