Yahoo! it will change its name to Altaba after the acquisition of those from Verizon is completed, but here we are only talking about what will remain of the parent company. The information comes from a new document submitted to the American authorities, describing the name change of the rest of the company Yahoo! in Altaba, but also the fact that the current president, Marissa Mayer, will leave the management of the company.
Verizon spends 4.8 billion dollars to buy the company Yahoo!, but only part of it, the other part will remain separate and will change its name to Altaba. More precisely, the part of the company that manages the investments in Alibaba and Yahoo Japan will also retain some patents, and its name will be Altaba after the sale process is completed.
Altaba is going to become an investment company and will have only 5 members in the board of directors, Marissa Mayer is also going to leave this company. After 5 years at the head of Yahoo!, Marissa Mayer will leave the company after experiencing several extremely difficult years, with decreases in revenue, layoffs and numerous criticisms of her work.
Yahoo! will change its name to Altaba
It is assumed that part of the Yahoo! which will be bought by Verizon will keep its name, so only the company left without the basic elements will be called Altaba. For now, it is not known when the acquisition of those from Yahoo! by Verizon, so many more good months could pass, considering that everything was announced in July.
Verizon continues its plans to buy Yahoo! despite all the problems the company has had lately, more precisely the security breaches revealed. The accounts of more than 1 billion users were accessed by hackers, but even so, not many people left Yahoo!, and after the acquisition of Verizon, some will probably return.
No one knows what future the Altaba company will have, but there is a chance that it will do better.
