Tuesday 13 June 2017

Marissa Mayer resigns as CEO of Yahoo as Verizon completes $4.5 Billion Takeover

Marissa Meyer
Yahoo CEO Marissa Mayer has stepped down from her role amidst the complete takeover of Yahoo by Verizon in a $4.5 Billion deal.She leaves with an estimated severance package of $23 Million and as reported in April and estimated $106 Million worth of Yahoo stocks.Verizon will merge Yahoo with AOL into  a new venture called Oath.AOL CEO Tim Armstrong will head the new entity.

Source: Dailymail

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