Among all the things we had to say goodbye to in 2016, Yahoo is one of them. It is now called “Altaba”, with the major portion of its shares belonging to Verizon for $4.8 billion. TechCrunch reports the remaining unsold portion of Yahoo will be called “Altaba” from this day onwards.
The name Altaba is a combination of an old-school search engine called Altavista and Alibaba. And both of the companies have been acquired either partially or entirely by the companies.
Verizon owns 15 percent of Alibaba and 35.5 percent share of Yahoo in Japan. In addition to it, Altaba will solely work as an entity involved in investments.
Five executive bodies of Altaba will be resigning, and they are named,
David Filo Eddy Hartenstein Richard Hill Jane Shaw Maynard Webb Marissa Mayer
Despite the fact that Marissa can still get appointed in a prestigious post, no further details are shared so far.
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