End of an era: Yahoo has a deal to sell its core Internet business, which includes its digital advertising, e-mail and media assets, to Verizon. Pictured is Meyer.
Yahoo Inc said that it would rename itself Altaba Inc and chief executive officer Marissa Mayer would step down from the board after the closing of its deal with Verizon Communications Inc.
Yahoo has a deal to sell its core Internet business, which includes its digital advertising, e-mail and media assets, to Verizon for US$4.83bil (RM21.6bil).
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