Major Changes Planned for Yahoo! Inc. (YHOO): What Does Altaba Mean?

Major Changes Planned for Yahoo! Inc. (YHOO): What Does Altaba Mean?”

Yahoo will adopt a new corporate identity and slash the size of its board if the proposed $4.8 billion sale of its digital services to Verizon Communications goes through.

According to Reuters, after the sale is complete the company will make the name change, Yahoo said in a regulatory filing.

The Yahoo-Verizon deal is a little confusing.

Current chief executive Marissa Mayer is expected to remain with Yahoo's core business if the takeover goes ahead. Yahoo noted in the filing that the departures are "not due to any disagreement with the company on any matter relating to the company's operations, policies, or practices".

The move comes amid news that the deal with Verizon was thrown into doubt following a fresh hacking scandal at Yahoo which was revealed last month.

Ms Mayer had said in the post: "For me personally, I am planning to stay".

CES 2017: Samsung To Get Back Into PC Gaming With Odyssey Laptops
Also, no surprise, the 17-inch model is a bit of a whale at over 8 pounds, contrasted with the 15-inch model's 5.5 pounds. That's in part because the 17-inch model has a heftier 93 Wh battery (compared to the 15-inch model's 43 Wh version).

What do you think about Yahoo?

"The Board also determined that, following the Closing, it intends to cause the Company's name to be changed to Altaba Inc.", Yahoo!

The board named Eric Brandt, who is one of the new members of the 11-person board, as the new chairman. This led to some reports suggesting that Verizon was thinking of backing out of the deal, or at least asking Yahoo for a $1-billion discount.

According to a filing with the US Securities and Exchange Commission, Mayer, Filo, and several other board members are stepping down.

It has already been reported that following the first of the two hack disclosures, Verizon was in renegotiation talks with Yahoo over the acquisition deal. The latter recently announced it was taking the Chinese department store Intime Retail private in a $2.6 billion deal. Altaba will be left with a 35.5% stake in Yahoo Japan, a 15% stake in Alibaba as well as a portfolio of patents under the Excalibur name.

Like this


10 January 2017
Militants attack checkpoint in Egypt's Sinai, killing 8
Their bodies have been pulled from the rubble and the wounded - including a number of civilians - have been taken to hospital. It said seven police and one civilian were killed, and that security forces killed five of the attackers.

09 January 2017
NFL Playoffs 2017, Dolphins vs. Steelers: Preview and Prediction
After rushing for over 200 yards in a win over Pittsburgh during the season, Jay Ajayi was held to only 33 yards in this one. Kansas City will have to find more answers for slowing down the Steelers' high-powered offense than the Dolphins did.

08 January 2017
Pep Guardiola: "We are the good guys"
The pressure was always going to tell, though, and in the 32nd minute Zabaleta tumbled to the floor under Angelo Ogbonna's challenge.

07 January 2017
Soulja Boy Wants Mayweather To Train Him & Thirsting Over Nicki Minaj
Responding to the announcement, Brown wrote: " Now that we have your undivided attention, boxing match set ". Soulja Boy also claims to have already received US$1 million in cash for the upcoming boxing fight.

07 January 2017
Sgt Elor Azaria convicted of the crime of occupation
Azaria faces a maximum penalty of 20 years behind bars, though he is not expected to receive that much time. Nadav Weissman, a military prosecutor, said this was "not a happy day".

06 January 2017
CAF Awards: Mahrez Is Africa's Best Footballer In 2016
Mahrez was named Africa's best at the 2016 Glo/CAF awards gala that was held in Abuja on Thursday, January 5. Cranes coach Milutin "Micho" Sredojevic has failed to make the final cut of the Glo CAF awards.

06 January 2017
LA Lakers Go for 2nd Straight Win
The Warriors have won five straight home games versus the Blazers, though Portland owns advantage in the all-time series. He posted his 16th double-double of the season with 27 points and 13 rebounds for the Bucks, who improved to 18-16.

06 January 2017
Oil prices firm on USA crude inventory fall, record auto sales
The agreement - which was effective as of January 1 - is meant to address a supply glut in a bid to buoy floundering prices. Some investors also believe that several countries may not stick to the production-cut plan.

06 January 2017
Bring the national title home this year
Finally, there's the Alabama DL, which returns largely intact and features multiple pass-rushers who can beat good OL. Things are a little different this year than they were last season, but the game should be just as entertaining.

06 January 2017
Ryan Tannehill out for Sunday's playoff game against Pittsburgh: The details
Tannehill has been sidelined since the December 11 game versus the Arizona Cardinals in Week 14 with a sprained ACL and MCL in his left knee.