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If Verizon closes its deal — Yahoo could become Altaba Inc and CEO Marissa Mayer will resign

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NewsHubA new SEC document has revealed that when Verizon makes its purchase of Yahoo Inc, certain stipulations are in place that will see the company’s name change to Altaba Inc. and the current CEO, Marissa Mayer will resign along with other current executives. This is all of course only if Verizon chooses to close the deal and purchase Yahoo.
While at one time it was the «go to» website for Internet searches, Yahoo has since become a muddled mess of a company. Last year, rumors began spreading that some were interested in purchasing t he search giant, with Verizon ultimately becoming the purchaser for nearly $5 billion.

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