Verizon completes Yahoo purchase, Mayer resigns

Damon Dahlen  Huffington Post
Lydia Polgreen took over as editor-in-chief in January and recently oversaw a rebranding of the site

She continued: "The combined set of assets across Verizon and Oath, from virtual reality to artificial intelligence, 5G to the Internet of Things, from content partnerships to originals, will create exciting new ways to captivate audiences across the globe". Inc's internet services, giving the telecommunications giant access to hundreds of millions of users, while also closing a chapter on the iconic web portal as a standalone business that had come under sharp criticism in recent years.

Verizon in July 2016 offered to acquire Yahoo for $4.83 billion.

After a yearlong process and about $4.5 billion, Verizon has officially closed its acquisition of Yahoo.

US communications giant Verizon completed its purchase of troubled internet company Yahoo on Tuesday.

Yahoo's filings with the Securities and Exchange Commission say that Mayer's "golden parachute" would amount to more than $23 million. Following the breaches, Yahoo and Verizon eventually agreed to discount the purchase price by $350 million.

After more than two decades, Yahoo's time as an independent company has finally come to an end.




Early on, Mayer signaled changes aimed at doubling down on Yahoo's successes and appealing to new markets.

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.

Verizon managed to shave off $350m from Yahoo! The implication is that shareholders are attaching a very low probability, and perhaps also a long wait, to any meaningful reduction in America's company tax rate.

The 2014 breach was separate from an August 2013 breach, which compromised 1 billion accounts, again during Mayer's tenure, and only came to light late previous year thanks to a law enforcement tipoff. The acquisition has led to the creation of Oath, a combined AOL-Yahoo entity that will now be led by erstwhile AOL CEO Tim Armstrong.

Still, Mayer has a right - to a point - to highlight accomplishments by Yahoo under her leadership, he said. I want to take a moment to remind you of some of our many achievements together.

Related news:

Hot News

isis-killer-beheading-video-story-top Citi Bike rider dies in 26th Street accident involving bus
Jun 14, 2017 - 05:38
Police say that following his collision with the bus, Hanegby fell to the ground and was then run over by the bus' rear tires. Hanegby's death is the first since the program was set up in May 2013, having lent out bikes for more than 43 million trips.

San Fernando Valley Congressman Proposes Impeachment of Trump, Alleging Obstruction of Justice
Jun 14, 2017 - 05:37
Sherman penned a letter to his House colleagues, suggesting he would seek to force a floor vote on the matter. As former Chief-of-Staff to Joe Biden in the Senate, I do not use the "impeachment" word lightly.

Mario + Rabbids: Kingdom Battle - Nintendo E3 Conference
Jun 14, 2017 - 05:34
The game is a crossover of two major properties - Mario and Rabbids, hence the title of the game. All pre-orders will also receive a set of eight in-game exclusive weapons with unique stats.

isis-killer-beheading-video-story-top Across the US, marches and rallies in support of LGBT rights
Jun 13, 2017 - 08:17
As for gay conservatives who might feel unwelcome: "I would hope they would be understanding and open-minded". Forces are gathering in government that intend to take away our hard-won basic human rights.

isis-killer-beheading-video-story-top May's top aides resign after UK election fiasco
Jun 13, 2017 - 08:16
British Prime Minister Theresa May won the country's snap election , but she lost her parliamentary majority. The general rule is that when things aren't certain, people doing that kind of trading get nervous.

isis-killer-beheading-video-story-top God Of War Looks Great, Goes Full Dad
Jun 13, 2017 - 08:16
The PS4 title is also expected to offer a much more personal and tender look at Kratos and the bond he shares with his young son. However he might have not been far of the mark it is still encouraging to know that God Of War will be releasing in early 2018.

isis-killer-beheading-video-story-top Senate Committee to Grill AG Sessions on Involvement of Comey's Firing
Jun 13, 2017 - 08:15
He said Trump reached out to him again after the inauguration but he refused to call back, shortly before he was sacked . Lankford is on the intelligence committee, the forum for last week's riveting Comey testimony and Tuesday's hearing.

Apple App Store update moves tipping to in-app purchase territory
Jun 13, 2017 - 08:15
We've all been there; you download an app, use it regularly, and find yourself frequently prompted to write an App Store review. Now, it's worth noting noting that some of the incentive for developers to constantly prompt for reviews has been taken away.

isis-killer-beheading-video-story-top DUP to support minority Tory government after 'confidence and supply' deal reached
Jun 12, 2017 - 09:42
May's co-chiefs of staff, Nick Timothy and Fiona Hill, handed in their resignations on Saturday following the disastrous election. Yet Tory right-wingers will fight to keep Britain out of the single market because the price of membership is too high for them.

Warriors' Green stays in Game 4 after technical foul fiasco
Jun 12, 2017 - 09:41
It was a relatively tame reaction for Green, but was still enough for referee Marc Davis to slap him with a technical foul. So then I thought the second one Draymond was going to get kicked out, but they explained the first one was on me.

isis-killer-beheading-video-story-top May's UK election gamble backfires as Tories lose majority
Jun 12, 2017 - 09:41
Norwegian Foreign Minister Boerge Brende said the election outcome could mean a less radical split between Britain and the EU. During the campaign, Corbyn condemned the Conservatives for cutting the number of police officers by 20,000 since 2010.

Murray, Wawrinka make French Open last 16
Jun 12, 2017 - 09:39
Murray, who finished a total of 44 winners and converted 6 of 17 break points, prevailed in the following two sets with 7-5, 6-0. STAT OF THE DAY: South Africa's Kevin Anderson moved to the top of the service charts with victory over Britain's Kyle Edmund .

isis-killer-beheading-video-story-top Paris Police Shoot, Wound Hammer-Wielding Assailant Outside Notre Dame
Jun 12, 2017 - 09:39
As of early this morning, French TV was reporting order had been restored in the area and there was no known imminent threat. Multiple outlets reported Tuesday that French counter-terrorism police are now handling the Notre Dame attack investigation.

After hours on the stand, Cosby accuser sticks to her story
Jun 12, 2017 - 09:38
She urged Cosby, who had previously told her he gave pills to her daughter, to send him the name of the medication he'd given her. They had sworn that once confronted in court, Constand's claims would collapse under the weight of their own inconsistencies.

isis-killer-beheading-video-story-top Plane lands safely in Sydney with hole in engine casing
Jun 12, 2017 - 09:34
Passengers, who had to spend the night in Sydney , told media they smelled burning inside the aircraft. Firefighters were called to the tarmac to assist the pilots when the plane returned to Sydney .