CEO Marissa Mayer is leaving Yahoo’s board after the Verizon deal.
After her company officially sells to Verizon, Yahoo CEO Marissa Mayer is stepping down from the board.
It’s been in the headlines for months that Yahoo is selling itself to the telecom giant for $4.8 billion. But actually, it’s a little more complicated than that. Not all of the company is being sold, just Yahoo’s consumer web business, which includes Yahoo Mail and Sports.
Now the leftovers of the company after the Verizon sale have an official name: Altaba. Yahoo announced the news in an SEC filing on Monday.
