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Marissa Mayer Leaving Yahoo Board After Verizon Deal, Company Says

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Marissa Mayer to Resign From Yahoo Board If and When Verizon Deal Closes

Marissa Mayer to Resign From Yahoo Board If and When Verizon Deal Closes*/

– Yahoo CEO Marissa Mayer will resign from the company’s board of directors — along with several other board members — in the event that Verizon’s deal to buy the Yahoo internet businesses closes.Yahoo Inc., which made the disclosure Monday in an SEC filing, will become primarily an investment holding company if and when the Verizon sale is completed.At that point the company, whose major asset will be shares of China’s Alibaba Group, will rename itself “Altaba Inc.” With the planned change, Yahoo Inc. appointed Eric Brandt chairman effective Jan. 9, with previous chairman Maynard Webb becoming chairman emeritus (with Webb also planning to resign with the closure of the Verizon deal).
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Yahoo CEO Marissa Mayer to resign after proposed Verizon deal closes

Yahoo CEO Marissa Mayer to resign after proposed Verizon deal closes*/

– SAN FRANCISCO — Yahoo will adopt a new corporate identity and cut the size of its board in half if the proposed $4.8 billion sale of its digital services to Verizon Communications goes through.The company plans to change its name to Altaba Inc. after it turns over its email, websites, mobile apps and advertising tools to Verizon.CEO Marissa Mayer and four other directors currently on Yahoo’s 10-member board will resign after the planned sale closes.But the Verizon deal has been jeopardized by Yahoo’s recent discovery of two separate hacking attacks that stole personal information from more than 1 billion user accounts.In the only change that took effect Monday, Yahoo director Eric Brandt became the company’s chairman.
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Marissa Mayer Leaving Yahoo Board After Verizon Deal, Company Says

Marissa Mayer Leaving Yahoo Board After Verizon Deal, Company Says*/

– Marissa Mayer, one of the highest-profile women in the predominantly male tech world, will resign from Yahoo Inc.’s board once its merger with Verizon Communications Inc. closes, the internet company said Monday.Verizon announced the $4.8 billion deal in July, ending months of speculation Yahoo’s future after it said it was reviewing “strategic alternatives” in light of years of management instability.Mayer said at the time the deal was announced that she intended to continue as CEO.
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Marissa Mayer to resign and Yahoo to change its name to Altaba if Verizon takeover gets go ahead

Marissa Mayer to resign and Yahoo to change its name to Altaba if Verizon takeover gets go ahead*/

– It could be the end of an era for the internet.Yahoo has revealed it plans to change its name to Altaba, while beleaguered boss Marissa Mayer will leave, if the firm is bought by Verizon.The SEC filing has revealed the firm’s plans – despite ongoing concerns the recent revelation user’s accounts were hacked could scupper the $4.8bn deal.
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