#verizon now officially owns #yahoo, Marissa Mayer resigns

Tech

As of today, Verizon is officially the owner of Yahoo. Yahoo’s assets are now being mashed up with those of AOL, which Verizon bought in 2015, into a horribly named new division called Oath. Oath will contain sites like HuffPost, Yahoo Sports, TechCrunch, and Engadget, as well as apps and services like Alto and Brightroll. Tumblr will also fall under the Oath umbrella.

With the deal complete, it’s also being announced that Yahoo CEO Marissa Mayer is departing the combined company. Mayer was an incredible hire by Yahoo when it brought her on as CEO five years ago. She came to the company after spending more than a decade at Google spearheading key products like search and Maps.

Yahoo was obviously a…

Continue reading…

Comments