On Monday, Once a pioneer in the internet medium ‘Yahoo Inc’ is going to rename itself ‘Altaba Inc’ and the company CEO Marissa Mayer will step down from the company boards after the closing of its deal with Verizon Communications Inc. What is surrounding the whole deal of getting a new CEO for the company? This seems like a big change as Yahoo has been one of the most accessible emails domain for everyone.
The fact that it is easy to access Yahoo and get quick data and information restored all on one website it is highly flexible. CEO leaving the company is not a small task but it is not a big one just the name is changing. Yahoo had last year disclosed two separate data breaches one over 500 million and the other over billions. Verizon is still accepting the business and it’s worth. Unbelievable for our minds but Yahoo has a deal to sell its core internet business, which includes its digital advertising, email and media assets, to Verizon for $4.83 billion.
Investigating data is still strong by the Verizon with Yahoo because they see a strong strategic fit with the company. On Monday, other five Yahoo directors would resign when the deal closes Yahoo said in a regulatory filing. The truth behind all this which should be considered well is that Verizon will not get every part of Yahoo and the stakes in Alibaba and Yahoo Japan will still be left out.
The company has been essentially divided into two stakes one is the stakes in Alibaba and the likes, while Verizon will get the website lineup of Yahoo. Altaba seems to be an alternative of Alibaba more than Verizon. Mayer seems not to leave so soon the company she will stay back for a while till everything gets settled. Basically what the major stake actually remains is of Alibaba.