Marissa Mayer is leaving Yahoo after takeover

sunnyvale - The CEO of Internet company Yahoo, Marissa Mayer, leaves after the acquisition of the company was completed by Verizon. This is evident from pieces that Yahoo has submitted to the US stock exchange watchdog SEC.

In July 2016, Verizon and Yahoo reached an acquisition deal worth $ 4.8 billion. Verizon buys all the assets of Yahoo, including the buildings. The acquisition will be formally completed early this year when all documents have been submitted and granted the US regulator approval.

Yahoo will continue with a new name: Altaba. That company will manage the investments that Yahoo made in recent years in the Chinese Internet company Alibaba and Yahoo Japan branch.

The management is reduced and so there is no room for Mayer. Verizon have announced that there is no disagreement. Yahoo came in 2013 and 2014 in the news when the company had to admit that there are hundreds of millions of accounts were hacked. The profit of the company was in Silicon Valley has long been under pressure.