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Marissa Mayer steps down from Yahoo board

Marissa Mayer is leaving Yahoo‘s board as the sale of the majority of the company’s core web business to Verizon nears completion. Yahoo said in an SEC filing today that its board of directors will reduce itself to five members, meaning that the other six members of the board—Mayer among them—will step down.  After the closing … Continue reading “Marissa Mayer steps down from Yahoo board”

Marissa Mayer is leaving Yahoo‘s board as the sale of the majority of the company’s core web business to Verizon nears completion. Yahoo said in an SEC filing today that its board of directors will reduce itself to five members, meaning that the other six members of the board—Mayer among them—will step down. 

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After the closing of the sale, what’s left of Yahoo will become an investment company. And it will get a new name since Verizon will own the rights to “Yahoo.” That new name is Altaba.

By the way, the SEC filing gave no indication of how to properly pronounce the new name—just in case you were wondering. We sure were.


[Photo: Taylor Hill/FilmMagic/Getty Images]

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About the author

Fast Company Senior Writer Mark Sullivan covers emerging technology, politics, artificial intelligence, large tech companies, and misinformation. An award-winning San Francisco-based journalist, Sullivan's work has appeared in Wired, Al Jazeera, CNN, ABC News, CNET, and many others.

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