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Verizon closes $4.5B acquisition of Yahoo, Marissa Mayer resigns [Memo]

Verizon closes $4.5B acquisition of Yahoo, Marissa Mayer resigns [Memo]

 It’s now official. After Yahoo shareholder approval last week, Verizon today announced that it has finally closed its acquisition of Yahoo, which it plans to combine with its AOL assets into a subsidiary called Oath, covering some 50 media brands (including TechCrunch) and 1 billion people globally. It will be led by Tim Armstrong, who was the CEO of AOL before this. As expected,… Read More


Source: TechCrunch

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