{"id":19162,"date":"2017-01-10T12:01:47","date_gmt":"2017-01-10T12:01:47","guid":{"rendered":"http:\/\/www.biphoo.com\/bipnews\/?p=19162"},"modified":"2017-01-10T12:01:47","modified_gmt":"2017-01-10T12:01:47","slug":"yahoo-named-altaba-mayer-leave-board-verizon-deal","status":"publish","type":"post","link":"https:\/\/www.biphoo.com\/bipnews\/technology\/yahoo-named-altaba-mayer-leave-board-verizon-deal.html","title":{"rendered":"Yahoo to be named Altaba, Mayer to leave board after Verizon deal"},"content":{"rendered":"<div align=\"Justify\">\n<h2><span style=\"font-size: 18pt;\"><strong><span style=\"font-family: Arial, Helvetica, sans-serif; color: #000000;\">Yahoo to be named Altaba, Mayer to leave board after Verizon deal<\/span><\/strong><\/span><\/h2>\n<p><span style=\"font-size: 14pt; font-family: Arial, Helvetica, sans-serif; color: #000000;\"><strong>Yahoo to be named Altaba, Mayer to leave board after Verizon deal:-<\/strong> 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.<\/span><\/p>\n<p><span style=\"font-size: 14pt; font-family: Arial, Helvetica, sans-serif; color: #000000;\">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.<\/span><\/p>\n<p><span style=\"font-size: 14pt; font-family: Arial, Helvetica, sans-serif; color: #000000;\">The terms of that deal could be amended &#8211; or the transaction may even be called off &#8211; after Yahoo last year disclosed two separate data breaches; one involving some 500 million customer accounts and the second involving over a billion.<\/span><\/p>\n<p><span style=\"font-size: 14pt; font-family: Arial, Helvetica, sans-serif; color: #000000;\">Verizon executives have said that while they see a strong strategic fit with Yahoo, they are still investigating the data breaches.<\/span><\/p>\n<p><span style=\"font-size: 14pt; font-family: Arial, Helvetica, sans-serif; color: #000000;\">Five other Yahoo directors would also resign after the deal closes, Yahoo said in a regulatory filing on Monday.<\/span><\/p>\n<p><span style=\"font-size: 14pt; font-family: Arial, Helvetica, sans-serif; color: #000000;\">The remaining directors 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.<\/span><\/p>\n<p><span style=\"font-size: 14pt; font-family: Arial, Helvetica, sans-serif; color: #000000;\">The new company also named Eric Brandt chairman of the board, effective Jan. 9.<\/span><\/p>\n<p><span style=\"font-size: 8pt;\">Source:-\u00a0http:\/\/www.reuters.com\/article\/us-yahoo-m-a-verizon-idUSKBN14T2I7<\/span><\/div>\n<div class=\"fb-background-color\">\n\t\t\t  <div \n\t\t\t  \tclass = \"fb-comments\" \n\t\t\t  \tdata-href = \"https:\/\/www.biphoo.com\/bipnews\/technology\/yahoo-named-altaba-mayer-leave-board-verizon-deal.html\"\n\t\t\t  \tdata-numposts = \"10\"\n\t\t\t  \tdata-lazy = \"true\"\n\t\t\t\tdata-colorscheme = \"light\"\n\t\t\t\tdata-order-by = \"social\"\n\t\t\t\tdata-mobile=true>\n\t\t\t  <\/div><\/div>\n\t\t  <style>\n\t\t    .fb-background-color {\n\t\t\t\tbackground: #ffffff !important;\n\t\t\t}\n\t\t\t.fb_iframe_widget_fluid_desktop iframe {\n\t\t\t    width: 630px !important;\n\t\t\t}\n\t\t  <\/style>\n\t\t  ","protected":false},"excerpt":{"rendered":"<p>Yahoo to be named Altaba, Mayer to leave board after Verizon deal Yahoo to be named Altaba, Mayer to leave board after Verizon deal:- 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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":19163,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[11139,11661,11660,6515,547,7238,7239,11659],"class_list":["post-19162","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-a","tag-m","tag-marissa-mayer","tag-mergers","tag-us","tag-verizon","tag-yahoo","tag-yahoo-to-be-named-altaba-mayer-to-leave-board-after-verizon-deal"],"_links":{"self":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/19162","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/comments?post=19162"}],"version-history":[{"count":0,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/19162\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media\/19163"}],"wp:attachment":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media?parent=19162"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/categories?post=19162"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/tags?post=19162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}