Yahoo will change its name to Altaba when it finishes its sale to Verizon


Yahoo will change its name to Altaba when it finishes its sale to Verizon



Its general director, Marissa Mayer, will leave the position once the process of absorption by the communications giant ends.



   The technology company Yahoo will change its name to Altaba and its general director, Marissa Mayer, will leave the post once the absorption process is completed by the communications giant Verizon, as reported today.

Verizon agreed in July 2016 to buy a part of Yahoo that includes the advertising business, web pages, mobile applications and emails for more than 4,800 million dollars, although the transaction has not yet been closed. Outside of the agreement were the shares of Yahoo in the Chinese e-commerce group Alibaba Group or Yahoo Japan, among others, which is what will be called Altaba.

   The agreement with Verizon was at risk after the two massive hacks recognized by Yahoo in September and December of last year and that affected a total of 1,500 million of its users. Verizon executives said they would "analyze" the impact of these information thefts before reaching "any final conclusions."

Yahoo, however, announced today that once its sale is completed what remains of the company will be called Altaba and that five of its eleven directors will leave their functions. In addition to Mayer, Altaba's management will leave one of Yahoo's confidants, David Filo.

The president of the new company will be Eric Brandt, who will replace Maynard Webb.

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