[Recommended] Marissa Mayer to Leave Yahoo Board; Yahoo to Change Name to Altaba

[Moves will come after $4.8 billion sale to Verizon]

Yahoo Chief Executive Marissa Mayer will step down from the board of directors after the core internet business is sold to Verizon, while what remains of the company will be renamed Altaba.

Yahoo Inc. said Monday it will whittle down its board after completing its deal with Verizon Communications Inc., and several longtime directors, including Chief Executive Marissa Mayer and co-founder David Filo, will step down as directors.

After the sale of its core internet business, the company will change its name to Altaba Inc. from RemainCo, Yahoo said in a regulatory filing. Altaba’s remaining assets include Yahoo’s stake in Alibaba Group Holding Ltd. and Yahoo Japan. The name is a combination of the words “alternate” and “Alibaba,” a person familiar with the matter said.

http://www.wsj.com/articles/after-sale-marissa-mayer-to-leave-yahoo-board-yahoo-to-change-name-to-altaba-1484002787

[IMPORTANT: This blog’s contents are being updated following the transfer to www.tayosolagbade.com from my former domain – Spontaneousdevelopment.com. As a result, some parts of it may not work properly for now. Quick Tip: If a link contains “spontaneousdevelopment.com”, simply change it to “tayosolagbade.com” – and it should work. This applies to article links as well as image links. Work continues to update the links(in over 500 articles). Tayo K. Solagbade.]
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