Verizon Completes Acquisition of Yahoo

Verizon completes its $4.48 billion acquisition of Yahoo

While reaching this moment has certainly been a long road traveled, it marks the end of an era for Yahoo, as well as the beginning of a new chapter - it's an emotional time for all of us.

Yahoo's Internet properties officially became Verizon's properties Tuesday, as the telecom giant finalized its $4.5 billion acquisition. Armstrong has also led the Yahoo integration efforts after the deal was announced a year ago.

The new company, which combines AOL and Yahoo brands such as HuffPost and Yahoo Finance, is called Oath.

Filings to the Securities and Exchange Commission show that Mayer is most likely walking away from the company with a "golden parachute", a $23 million package made up of $3 million in cash and $20 million in equities.

The suits include complaints tied to computer hacking attacks that stole personal information from more than 1 billion Yahoo user accounts in 2013 and 2014 but weren't disclosed until past year.

Verizon and Oath confirmed Mayer's departure in the last paragraph of Tuesday's press release about the deal, ending with: "Verizon wishes Mayer well in her future endeavors".

The merged AOL-Yahoo! subdivision will be called Oath, which Verizon said will consist of "50 media and technology brands that engage more than a billion people around the world".

"There's probably more to be proud of than many had understood or acknowledged, but I think it's fair to say that the letter does not paint a completely comprehensive or objective picture of Yahoo over the last five years", he said.

Yahoo CEO Marissa Mayer is leaving the company.

Mayer was hired in 2012 to turn Yahoo around after years of instability and executive shakeups. AOL president and former Yahoo executive Tim Mahlman will head advertising technology, Yahoo engineer Atte Lahtiranta will lead tech and Verizon's Ralf Jacob will oversee digital media.

Yahoo CEO Marissa Mayer, seen in 2014, wrote a farewell post to employees titled "Nostalgia, Gratitude & Optimism".

Mayer's tenure at Yahoo was tumultuous, and some would argue that she never lived up to the hype that accompanied her after her successful stint at Google.

Related:

  • DUP to support minority Tory government after 'confidence and supply' deal reached

    If the Conservatives can secure 316 seats or more, the DUP's gains in Northern Ireland are enough to prop up May's government bid. Founded in 1971 by firebrand Protestant preacher Ian Paisley, the DUP has always been pro-British and socially conservative .
    Trump election-fraud official running for Kansas governor

    Trump election-fraud official running for Kansas governor

    It was a surprising move for a conservative state. "There's a certain core level of services that your citizens expect". They argued that Kansas has done little to control its spending — a point many Democrats and GOP moderates disputed.
    Oil slides as US climate withdrawal compounds glut concerns

    Oil slides as US climate withdrawal compounds glut concerns

    Benchmark Brent crude futures LCOc1 were trading at $49.67 a barrel at 0849 GMT, down 96 cents from the previous close. July WTI futures consolidated around $47.15 p/b at the United States open with August Brent trading around $49.40 p/b.
  • Democrats seek distance from impeachment call

    Democrats seek distance from impeachment call

    He knows the dynamic that now exists in a chamber that is led by House Speaker Paul Ryan, an ardent Trump defender and apologist. He told CNN that his name was not mentioned specifically, but he did speak with Capuano afterward about Monday's letter.

    Wonder Woman's Patty Jenkins Wants To Direct A Superman Movie

    Diana saves the man, Steve (Chris Pine: Star Trek Beyond), who she learns is a soldier in something called The Great War. I enjoyed how the cinematography captured the fighting in slow motion and showed off the characters' skills.
    Trump Affirms Commitment to NATO's Mutual-Defense Provision

    Trump Affirms Commitment to NATO's Mutual-Defense Provision

    President Donald Trump delivers a speech at the White House in Washington D.C., capital of the United States , on June 1, 2017. He also lavished praise on the prime minister of Montenegro, whom Trump shoved aside in Brussels during a photo op.
  • Prosecutors to drop charges in Stanley Cup dead catfish toss

    Prosecutors to drop charges in Stanley Cup dead catfish toss

    The only area where Nashville wasn't markedly better than the defending Stanley Cup champions is the only one that really matters. It's Aberg's second goal of the playoffs. "We're concerned about where the series is at", Predators captain Mike Fisher said.

    Green stays in Game 4 after technical foul fiasco

    The clarification is becoming increasingly relevant in case of a here-we-go-again extension of this series to seven games. With a coach or trainer, we just verbalize and at that time we should listen to the PA announcer to who it is on.

    Trump suggests Iran shares some blame for terror attacks

    The US state department condemned the attack, saying "the depravity of terrorism has no place in a peaceful civilised world". Iran's Supreme Leader Ayatollah Ali Khamenei said the attacks would have "no effect" on the country.
  • Megyn Kelly says important to 'shine a light' on Alex Jones

    Jones pointed to how NBC crew members manipulated lighting for the interview as evidence it was a strategic attack on him. If you've ever watched Alex Jones , as I have, you might come away steeped in a dark and distorted view of the world.
    Real Madrid celebrates 12th European Cup with fans in Spain

    Real Madrid celebrates 12th European Cup with fans in Spain

    It's hard to say this but, like I said, we need to keep doing what we are doing, enjoy what we are doing and we will see. CARDIFF , Wales (AP) - Not a bad start for Zinedine Zidane .
    Woman on trial for 'encouraging' boyfriend to kill himself

    Woman on trial for 'encouraging' boyfriend to kill himself

    The pair reportedly discussed Roy's plans to die by suicide, and spoke on the phone before Roy was found dead in his truck. Carter's attorneys will likely argue the Plainville woman broke no law and was exercising her right to free speech.

Comments

Latest news

Mario+Rabbids: Kingdom Battle Is The Best Thing You'll See Today
Known as Mario + Rabbids Kingdom Battle, this is a turn-based combat game with two very unlikely groups of characters. There is an exploration part of the Mario + Rabbids: Kingdom Battle that is similar to the standard 3D Mario game.

Citi Bike Rider Struck and Killed by Bus in Program's First Fatality
Officials from the Citi Bike programme say that more than 43 million journeys have been made since the scheme began. Hanegby was a married father of two young children and lived in the Brooklyn Heights section of Brooklyn.

SDF launch major offensive to capture ISIL-held Raqqa
The monitor recorded the coalition's deadliest month for Syrian civilians between April 23 and May 23, with 225 civilians killed. Turkey views the YPG as a terrorist group aligned with the PKK which has fought a bloody campaign in southeast Turkey since 1984.

Clinging on to Her Job, Britain's May Appoints New Ministers
The two parties are broadly politically aligned, but it remains to be seen what price the DUP will demand for its support. Owen Paterson, a senior Conservative lawmaker, said "let's see how it pans out", when asked about May's future.

Preet Bharara stopped answering Donald Trump's calls
Bharara said it's "reasonable" to assume Mueller is looking at the obstruction issue among others as part of his investigation. Bharara was asked by the Trump administration to put in his papers along with 45 other U.S. attorneys on March 10.

Qatar says Gulf citizens can stay despite crisis
Qatar yesterday moved to avoid an escalation of the feud, telling citizens of its Gulf neighbours that they are welcome to stay. The decision will come as a relief to the more than 11,000 people from Saudi Arabia, the UAE and Bahrain living in Qatar.

Another rough start for Preds' Rinne
Crosby had his back to Sheary when he made the flawless feed, so it was the kind of play no team could possibly plan for. Subban drew laughs when he attributed a Game 3 run-in with Crosby to a discussion about Subban's bad breath.

Rumor Report: Is LeBron Leaving the Cavs for an LA Team?
In the almost 30 minute chat, James, Green, 2 Chainz, and others debate music, culture, and sports. And I believe I am that way out.

Here Are Some Of The New Features In iOS 11
Apple has revealed that its latest mobile operating system will include a "do not disturb" feature to stop phone use at the wheel. The HomePod is Apple's first new gadget in almost three years, following its announcement of the Apple Watch in September 2014.

Unseeded Ostapenko wins French Open for 1st title
Unseeded Jelena Ostapenko has won the French Open , beating No. 3 Simona Halep 4-6, 6-4, 6-3 to claim her first tour-level title. The unseeded Latvian upset Simona Halep with a ferocious performance full of both winners and unforced errors.

Injury to force Sharapova out of Aegon Classic
Sharapova had missed out on a wildcard for the ongoing French Open as she continues her comeback from a 15-month doping ban. On the same day, she suffered the thigh injury which has now sidelined her from Wimbledon for a second successive season.

Owen Farrell kicks Lions to victory over Crusaders
For the first time in 15 games this year, or 1,200 minutes of competitive rugby, the Crusaders know how it feels to lose. There was space out wide for the Crusaders but the Lions defence came up rapidly and anticipated the ball out the back .

Cuomo: NY state will keep Affordable Care Act protections
Sasse says the numbers work against replacement of the Affordable Care Act with only 52 Republicans in the United States Senate. Supporters of the AHCA have said it would give states more flexibility in providing health care.

Montana Republican elected to Congress to plead guilty to assaulting reporter
Following the release of the letter to Jacobs by a Guardian spokeswoman, Jacobs said in a statement, "I have accepted Mr. Attorney William Mercer and Bozeman attorney Todd Whipple says they are in settlement talks with prosecutors.

Church bus crashes in Atlanta area; several injured
According to Fulton County Police Cpl. "I'm not real sure if she's critical or what", the victim's aunt Glenda Roberson said. The church posted on its Facebook page that there are "several serious injuries" but did not provide further details.

Other news